Written on: January 30, 2023 by SprayTM
On January 30, Unilever announced the appointment of Hein Schumacher as its new CEO following an extensive, global search process. He will replace Alan Jope, who announced his intention to retire in September 2022. Schumacher is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became a Non-Executive Director of Unilever in October last year. He will begin as Unilever CEO on July 1, after a one-month handover period. Jope will step down from the Unilever Board on July 1.
Prior to joining Royal FrieslandCampina as CFO in 2014, Schumacher worked for H.J. Heinz for over a decade across the U.S., Europe and Asia. He began his career in finance at Unilever, before joining Royal Ahold NV.
Unilever Chairman Nils Andersen said: “We are delighted to welcome Hein as our new Chief Executive, after an extensive, global search process. Hein is a dynamic, values-driven business leader who has a diverse background of experiences and an excellent track record of delivery in the global consumer goods industry. He has exceptional strategic capabilities, proven operational effectiveness, and strong experience in both developed and developing markets. The Board looks forward to Hein realising the full potential of Unilever as a winning business which delivers long-term growth and value for all its stakeholders.
“I would also like to take this opportunity to thank Alan [Jope] for his leadership of Unilever. The changes he has made to the company’s strategy, structure and organisation leave Unilever far better positioned for success. Alan will continue to lead Unilever until the end of June. He will be retiring after a tremendous 37-year career with our business.”
Hein Schumacher will receive annual fixed pay of €1.85m ($2 million), be eligible to receive annual bonus and Performance Share Plan awards, and relocation support, all in line with Unilever’s existing remuneration policy. He will also receive share-based awards to replace the loss of incentive payments from his previous employer.