Unilever Appoints Hein Schumacher As New CEO

Unilever plc UL has appointed Hein Schumacher as its new Chief Executive Officer, effective July 1, 2023.
He will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever.
Schumacher has been CEO of Royal FrieslandCampina, an €11 billion business operating in over 40 countries, since January 2018.
He will receive annual fixed pay of €1.85 million, and be eligible to receive annual bonus and Performance Share Plan awards.
Schumacher holds a Masters degree in Political Science and International Relations from University of Amsterdam.
Price Action: UL shares are trading higher by 0.70% at $50.17 in premarket on the last check Monday.

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