LONDON - Unilever PLC (LON:ULVR) has unveiled changes to its Unilever Leadership Executive (ULE), aimed at simplifying its leadership structure in alignment with its strategic "Growth Action (WA:ACT) Plan 2030." The multinational company is set to reorganize its operations around four main Business Groups: Beauty & Wellbeing, Personal Care, Home Care, and Foods, effective from January 1, 2025.
In this restructuring, Reginaldo Ecclissato, currently the Chief Business Operations and Supply Chain Officer, will assume the role of President One Unilever Markets and will report directly to the CEO. Concurrently, Fernando Fernandez, the Chief Financial Officer, will expand his responsibilities to include operational activities such as supply chain and procurement, digital and technology, and business services. To accommodate the broadened job scope, Fernandez's fixed pay is slated for a 7.5% increase starting January 1, 2025.
Additionally, Willem Uijen, who is presently serving as Chief Procurement Officer, will be promoted to the position of Chief Supply Chain Officer, reporting to the CFO.
Unilever's strategic refocus follows the separation of its Ice Cream division and involves a shift to a more streamlined approach across 24 markets led by the Business Groups. The rest of the markets, numbering over 100, will be managed under a "One Unilever" framework to capitalize on scale and efficiency.
The company confirms that the information regarding the leadership changes and the associated remuneration adjustment for the CFO is in accordance with the UK Listing Rule 6.4.6(3)R, with no additional details required to be disclosed.
These organisational changes are part of Unilever's ongoing efforts to enhance focus on its strategic agenda and drive growth under the GAP 2030 initiative. The announcement is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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