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Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher | Fortune Europe
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sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?w=1440&q=75"/><div data-cy="caption" class="sc-13b6974d-9 dKtuAn">Unilever CEO Hein Schumacher to step down as CEO and leave the company in May.</div><div data-cy="credit" class="sc-13b6974d-10 hbPqHz">Vivian Wan—Bloomberg/Getty Images</div></div></div><div class="sc-fbe5a747-6 dBqpke"></div><div class="sc-fbe5a747-1 btGpiP"><div class="sc-fbe5a747-2 CGZbC"><div id="article-content" class="sc-fbe5a747-3 jDZjLD"><div class="sc-fbe5a747-5 iVrUNG"></div></div></div></div></div></main><footer class="sc-f19f6d8d-0 VSjGq"><nav data-cy="footer-navigation" class="sc-f19f6d8d-1 lmdIU"><div class="sc-f19f6d8d-3 hIkNXl rankings" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">Rankings</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a 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Fortune","url":"https://boards.greenhouse.io/fortune/"},{"__typename":"MenuItem","label":"Diversity and Inclusion","url":"https://fortune.com/workplace/diversity-inclusion"},{"__typename":"MenuItem","label":"Terms and Conditions","url":"/terms-of-use/"},{"__typename":"MenuItem","label":"Site Map","url":"/sitemap/"}],"name":"Footer About 1"}],"socialList":[{"type":"facebook","url":"https://www.facebook.com/FortuneMagazine/"},{"type":"twitter","url":"https://twitter.com/FortuneMagazine/"},{"type":"linkedin","url":"https://www.linkedin.com/company/fortune-magazine/"},{"type":"instagram","url":"https://www.instagram.com/fortunemag/"},{"type":"pinterest","url":"https://www.pinterest.com/fortunemagazine/"}]},"article":{"adTags":[],"audienceDek":"\"The step-up from CFO to CEO by Fernandez will be liked by many investors,\" Jefferies analyst David Hayes said of the Unilever CEO transition.","authorNames":["Prarthana Prakash"],"authors":[{"email":"prarthana.prakash@fortune.com","image":"https://fortune.com/img-assets/wp-content/uploads/2022/06/Prakash.jpg?w=150","name":"Prarthana Prakash","sameAs":"","type":"Person","uri":"/author/prarthana-prakash/","url":"https://fortune.com/author/prarthana-prakash/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/prarthanaprakash/","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"breadcrumbs":{"items":[]},"bypassPaywall":{"postBypassLinkEnabled":"","postBypassLinkUnique":""},"canonicalUrl":null,"channel":"Leadership","content":"\u003cp\u003eUnilever’s CEO Hein Schumacher was ousted on Tuesday, just 18 months after taking the helm, as the company’s turnaround plan, involving cost cuts and prioritizing top brands, intensifies.\u003c/p\u003e\u003cdiv class=\"paywall-selector\"\u003e\u003c/div\u003e\u003cdiv class=\"paywall\"\u003e\n\n\n\n\u003cp\u003eSchumacher will step down from the role on Saturday before leaving the company on May 1. CFO Fernando Fernandez will replace him.\u003c/p\u003e\n\n\n\n\u003cp\u003e“While the Board is pleased with Unilever’s performance in 2024, there is much further to go to deliver best-in-class results,” Unilever chairman Ian Meakins said in a statement announcing \u003ca href=\"https://www.unilever.com/news/press-and-media/press-releases/2025/unilever-board-update-25-02-25/\"\u003ethe change\u003c/a\u003e. “The Board has been impressed with Fernando’s decisive and results-oriented approach and his ability to drive change at speed.”\u003c/p\u003e\n\n\n\n\u003cp\u003eThe surprise leadership change comes amid Unilever\u0026#8217;s high-stakes shake-up to regain market share and streamline its business. In recent years, the consumer goods company behind Dove soap and Hellmann’s mayonnaise has combated cost increases by passing price hikes on \u003ca href=\"https://fortune.com/europe/2024/07/26/unilever-customers-carry-over-pricing-historic-inflation-profits-cost-of-living/\"\u003eto shoppers\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile that helped Unilever for a while, the company has been trying to shift away from price-led growth. The consumer giant is also under pressure from investors, including prominent activist investor Nelson Peltz, to fix its trailing performance.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eUnder Schumacher, the London-listed Unilever announced plans to spin off its ice cream business, which includes Magnum and Ben \u0026amp; Jerry’s, via a triple \u003ca href=\"https://fortune.com/europe/2025/02/13/unilever-subdued-2025-ice-cream-triple-listing-investor-confidence/\"\u003estock listing\u003c/a\u003e. The company also said it’d cut 7,500 jobs globally and shed smaller, underperforming brands worth \u003ca href=\"https://fortune.com/europe/2024/12/02/unilever-1-billion-sales-growth-plan/\"\u003e€1 billion\u003c/a\u003e in sales cumulatively as part of streamlining efforts.\u003c/p\u003e\n\n\n\n\u003cp\u003eSome of these efforts may have started paying off, as Unilever reported 4.2% underlying sales growth in 2024 earlier this month. However, it caveated that growth by pointing to a “slower start to 2025,” which shook investor confidence.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eThe CEO change could add to the uncertainty Unilever faces as it kicks off a fresh year, Jefferies analyst David Hayes wrote in a note Tuesday.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e“The step-up from CFO to CEO by Fernandez will be liked by many investors. They like his direct approach, but some may also see his style as somewhat maverick,” he wrote.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eFernandez became CFO in January 2024 and was previously the head of Unilever’s biggest business unit by sales, Beauty \u0026amp; Wellbeing. Brands like Sunsilk and Vaseline fall under this segment, which recorded €13.2 billion in annual turnover last year.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eDuring Unilever’s earnings call this month, Schumacher highlighted how the company was “ahead of plan” in achieving €800 million in cost savings over three years.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eHe also said the company would stick to its reorganization plan that will focus on Unilever’s top-performing markets and brands.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eAs part of the changes, Unilever’s deputy CFO Srinivas Phatak will now become acting CFO while the company looks internally and externally for a permanent replacement.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company said it doesn’t plan to change its 2025 outlook following the news. \u003c/p\u003e\n\n\n\n\u003cp\u003eUnilever’s top competitor, Nestlé, is also undergoing a similar overhaul. The Swiss company appointed a \u003ca href=\"https://www.nestle.com/media/pressreleases/allpressreleases/laurent-freixe-appointed-ceo#:~:text=The%20Board%20of%20Directors%20of,the%202025%20Annual%20General%20Meeting.\"\u003enew CEO\u003c/a\u003e in August to help jumpstart performance as shoppers became more price-conscious.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eAs Nestlé’s CEO, Laurent Freixe said \u003cspan style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"\u003e\u003ca href=\"https://www.reuters.com/business/retail-consumer/nestle-names-laurent-freixe-new-ceo-mark-schneider-leaves-company-2024-08-22/\" target=\"_blank\" rel=\"noopener\"\u003ehe planned\u003c/a\u003e\u003c/span\u003e to “focus on the core.”\u003c/p\u003e\n\n\n\n\u003cp\u003eBoth companies are on the precipice of change and under pressure to improve sales, and 2025 could prove to be the year of significant changes for them.\u003c/p\u003e\u003c/div\u003e","databaseId":4157004,"dateGmt":"2025-02-25T12:03:38","dek":"","description":"\"The step-up from CFO to CEO by Fernandez will be liked by many investors,\" Jefferies analyst David Hayes said of the Unilever CEO transition.","faq":[],"featuredMediaType":"image","floatingNavContent":"","floatingNavTitle":"","footnotes":null,"id":"cG9zdDo0MTU3MDA0","image":"https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?resize=1200,600","imageCaption":"Unilever CEO Hein Schumacher to step down as CEO and leave the company in May.","imageCredit":"Vivian Wan—Bloomberg/Getty Images","keywords":"","link":"https://fortune.com/europe/2025/02/25/unilever-ceo-hein-schumacher-shake-up-fernando-fernandez/","metaTitle":"Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher","modifiedGmt":"2025-02-25T12:04:03","noIndex":false,"pageType":"article","platformCD":"europe","postId":4157004,"postSettings":{"postSettingsDek":null,"enableSubscriptionPlea":true,"subscriptionPleaDesign":"with-bottom-border","subscriptionPleaPosition":null,"subscriptionPleaTextLined":null,"bylineCommentary":null,"mediaItem":{"altText":"hein schumacher","caption":"Hein Schumacher, chief executive officer of Unilever Plc, following an interview at the company's office in London, UK, on Thursday, April 18, 2024. Unilever plans to abandon or water down a string of environmental and social pledges against the backdrop of a growing backlash from investors, consumers and politicians against companies pursuing non-financial objectives. Photographer: Vivian Wan/Bloomberg via Getty Images","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg"},"__typename":"Settings"},"premiumCategory":{"name":"F-BreakingNews","premiumCategoryId":447849333,"link":"https://fortune.com/?taxonomy=premium_categories\u0026term=f-breakingnews-free","__typename":"BrandedArticlePremiumCategoryFieldsFields"},"primaryPostTag":{"name":"Unilever","primaryTagId":219597,"link":"https://fortune.com/tag/unilever/","uri":"/tag/unilever/","__typename":"BrandedArticlePrimaryPostTagIdFieldsFields"},"primarySection":{"name":"Leadership","primarySectionId":447824445,"link":"https://fortune.com/europe/leadership/","uri":"/europe/leadership/","__typename":"BrandedArticlePrimarySectionIdFieldsFields"},"primaryTopic":{"name":"","primaryTopicId":-1},"relatedVideoId":"1ODLi3DNeL-4369304-14497","relatedVideoType":"stn_video_media","reviewedBy":null,"sectionNames":["Leadership","Retail"],"sections":[{"name":"Leadership","sectionId":447824445,"slug":"leadership","__typename":"BrandedArticleClassificationSectionFieldsFields"},{"name":"Retail","sectionId":447824487,"slug":"retail","__typename":"BrandedArticleClassificationSectionFieldsFields"}],"series":[],"showModifiedTimestamp":0,"socialDescription":"\"The step-up from CFO to CEO by Fernandez will be liked by many investors,\" Jefferies analyst David Hayes said of the Unilever CEO transition.","socialTitle":"Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher","stickyCta":null,"tagNames":["Always Free","consumer goods","Editor's Picks","Europe CEO","Fortune 500 Europe","Retail","Unilever"],"tags":[{"name":"Always Free","tagId":447860577,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"consumer goods","tagId":298009,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Editor's Picks","tagId":447851104,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Europe CEO","tagId":447862737,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Fortune 500 Europe","tagId":447865585,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Retail","tagId":13879,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Unilever","tagId":219597,"__typename":"BrandedArticleClassificationTagFieldsFields"}],"templateType":"default","thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg","title":"Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher","topicNames":[],"topics":[],"url":"https://fortune.com/europe/2025/02/25/unilever-ceo-hein-schumacher-shake-up-fernando-fernandez/","videoId":null,"widgetCss":null},"articleData":{"adTags":[],"audienceDek":"\"The step-up from CFO to CEO by Fernandez will be liked by many investors,\" Jefferies analyst David Hayes said of the Unilever CEO transition.","authorNames":["Prarthana Prakash"],"authors":[{"email":"prarthana.prakash@fortune.com","image":"https://fortune.com/img-assets/wp-content/uploads/2022/06/Prakash.jpg?w=150","name":"Prarthana Prakash","sameAs":"","type":"Person","uri":"/author/prarthana-prakash/","url":"https://fortune.com/author/prarthana-prakash/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/prarthanaprakash/","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"breadcrumbs":{"items":[]},"bypassPaywall":{"postBypassLinkEnabled":"","postBypassLinkUnique":""},"canonicalUrl":null,"channel":"Leadership","content":"\u003cp\u003eUnilever’s CEO Hein Schumacher was ousted on Tuesday, just 18 months after taking the helm, as the company’s turnaround plan, involving cost cuts and prioritizing top brands, intensifies.\u003c/p\u003e\u003cdiv class=\"paywall-selector\"\u003e\u003c/div\u003e\u003cdiv class=\"paywall\"\u003e\n\n\n\n\u003cp\u003eSchumacher will step down from the role on Saturday before leaving the company on May 1. CFO Fernando Fernandez will replace him.\u003c/p\u003e\n\n\n\n\u003cp\u003e“While the Board is pleased with Unilever’s performance in 2024, there is much further to go to deliver best-in-class results,” Unilever chairman Ian Meakins said in a statement announcing \u003ca href=\"https://www.unilever.com/news/press-and-media/press-releases/2025/unilever-board-update-25-02-25/\"\u003ethe change\u003c/a\u003e. “The Board has been impressed with Fernando’s decisive and results-oriented approach and his ability to drive change at speed.”\u003c/p\u003e\n\n\n\n\u003cp\u003eThe surprise leadership change comes amid Unilever\u0026#8217;s high-stakes shake-up to regain market share and streamline its business. In recent years, the consumer goods company behind Dove soap and Hellmann’s mayonnaise has combated cost increases by passing price hikes on \u003ca href=\"https://fortune.com/europe/2024/07/26/unilever-customers-carry-over-pricing-historic-inflation-profits-cost-of-living/\"\u003eto shoppers\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile that helped Unilever for a while, the company has been trying to shift away from price-led growth. The consumer giant is also under pressure from investors, including prominent activist investor Nelson Peltz, to fix its trailing performance.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eUnder Schumacher, the London-listed Unilever announced plans to spin off its ice cream business, which includes Magnum and Ben \u0026amp; Jerry’s, via a triple \u003ca href=\"https://fortune.com/europe/2025/02/13/unilever-subdued-2025-ice-cream-triple-listing-investor-confidence/\"\u003estock listing\u003c/a\u003e. The company also said it’d cut 7,500 jobs globally and shed smaller, underperforming brands worth \u003ca href=\"https://fortune.com/europe/2024/12/02/unilever-1-billion-sales-growth-plan/\"\u003e€1 billion\u003c/a\u003e in sales cumulatively as part of streamlining efforts.\u003c/p\u003e\n\n\n\n\u003cp\u003eSome of these efforts may have started paying off, as Unilever reported 4.2% underlying sales growth in 2024 earlier this month. However, it caveated that growth by pointing to a “slower start to 2025,” which shook investor confidence.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eThe CEO change could add to the uncertainty Unilever faces as it kicks off a fresh year, Jefferies analyst David Hayes wrote in a note Tuesday.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e“The step-up from CFO to CEO by Fernandez will be liked by many investors. They like his direct approach, but some may also see his style as somewhat maverick,” he wrote.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eFernandez became CFO in January 2024 and was previously the head of Unilever’s biggest business unit by sales, Beauty \u0026amp; Wellbeing. Brands like Sunsilk and Vaseline fall under this segment, which recorded €13.2 billion in annual turnover last year.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eDuring Unilever’s earnings call this month, Schumacher highlighted how the company was “ahead of plan” in achieving €800 million in cost savings over three years.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eHe also said the company would stick to its reorganization plan that will focus on Unilever’s top-performing markets and brands.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eAs part of the changes, Unilever’s deputy CFO Srinivas Phatak will now become acting CFO while the company looks internally and externally for a permanent replacement.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company said it doesn’t plan to change its 2025 outlook following the news. \u003c/p\u003e\n\n\n\n\u003cp\u003eUnilever’s top competitor, Nestlé, is also undergoing a similar overhaul. The Swiss company appointed a \u003ca href=\"https://www.nestle.com/media/pressreleases/allpressreleases/laurent-freixe-appointed-ceo#:~:text=The%20Board%20of%20Directors%20of,the%202025%20Annual%20General%20Meeting.\"\u003enew CEO\u003c/a\u003e in August to help jumpstart performance as shoppers became more price-conscious.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eAs Nestlé’s CEO, Laurent Freixe said \u003cspan style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"\u003e\u003ca href=\"https://www.reuters.com/business/retail-consumer/nestle-names-laurent-freixe-new-ceo-mark-schneider-leaves-company-2024-08-22/\" target=\"_blank\" rel=\"noopener\"\u003ehe planned\u003c/a\u003e\u003c/span\u003e to “focus on the core.”\u003c/p\u003e\n\n\n\n\u003cp\u003eBoth companies are on the precipice of change and under pressure to improve sales, and 2025 could prove to be the year of significant changes for them.\u003c/p\u003e\u003c/div\u003e","databaseId":4157004,"dateGmt":"2025-02-25T12:03:38","dek":"","description":"\"The step-up from CFO to CEO by Fernandez will be liked by many investors,\" Jefferies analyst David Hayes said of the Unilever CEO transition.","faq":[],"featuredMediaType":"image","floatingNavContent":"","floatingNavTitle":"","footnotes":null,"id":"cG9zdDo0MTU3MDA0","image":"https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2147917291-e1740483940152.jpg?resize=1200,600","imageCaption":"Unilever CEO Hein Schumacher to step down as CEO and leave the company in May.","imageCredit":"Vivian Wan—Bloomberg/Getty Images","keywords":"","link":"https://fortune.com/europe/2025/02/25/unilever-ceo-hein-schumacher-shake-up-fernando-fernandez/","metaTitle":"Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher","modifiedGmt":"2025-02-25T12:04:03","noIndex":false,"pageType":"article","platformCD":"europe","postId":4157004,"postSettings":{"postSettingsDek":null,"enableSubscriptionPlea":true,"subscriptionPleaDesign":"with-bottom-border","subscriptionPleaPosition":null,"subscriptionPleaTextLined":null,"bylineCommentary":null,"mediaItem":{"altText":"hein schumacher","caption":"Hein Schumacher, chief executive officer of Unilever Plc, following an interview at the company's office in London, UK, on Thursday, April 18, 2024. 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