Unilever (UN, $56.03) CEO Paul Polman Steps Down After 10 Years
Paul Polman is resigning from his role as CEO of Unilever, after 10 years of leading the company.
Unilever is a consumer goods behemoth owning brands like Lipton, Dove and Ben & Jerry's. The multinational company credits a large part of its performance to Paul Polman – during his tenure as CEO, shareholders received a return of 290% according to the company.
Unilever has long been using London and Rottendam as its headquarters. Under Polman’s leadership, Unilever wanted to shift its headquarters out of the United Kingdom, and use Dutch city Rotterdam as its sole headquarter. The company’s objective behind the plan was apparently to simplify its business structure. But the plan had to be dropped earlier this year due to a clash with shareholders.
At the end of the year, Polman will be succeeded by Unilever’s another long-standing veteran, Alan Jope, who is currently the head of the beauty and personal care segment of the company. Jope has previously served in executive roles for the company’s businesses in north Asia, Russia, Africa, the Middle East and the U.S.
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