Unilever names Hein Schumacher as new CEO
Unilever names Hein Schumacher as new CEO
Hein 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 1 July 2023, after a one-month handover period.
Hein is a business leader with an excellent track record across multiple leading companies in the consumer goods industry. As CEO of Royal FrieslandCampina, an €11bn turnover business operating in over 40 countries, he has delivered significant portfolio and organisation change as part of transforming it into a more focused, growth-driven and sustainable business.
Prior to joining Royal FrieslandCampina as CFO in 2014, Hein worked for H.J. Heinz for over a decade – during a time of significant change at the company – across the US, Europe and Asia. In his last four years at Heinz, he was based in China, where he led a turnaround of the Asia Pacific zone. Hein 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 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 said: “I am delighted to have been appointed to lead Unilever. It is a business with an impressive global footprint, a strong brand portfolio, a talented team and an enviable reputation as a leader in sustainability. In my time serving on the Board, I have only become more convinced by the strength of Unilever’s fundamentals and its clear growth potential. I will be very focused on working with the Unilever team to deliver a step-up in business performance, as we serve the billions of people around the world who use its products every day.”
There are no additional matters that require disclosure under 9.6.13R of the UK Listing Rules.
Notes to Editors
- Hein Schumacher will be appointed Unilever CEO Designate on 1 June 2023 and will be appointed Unilever CEO on 1 July 2023.
- Alan Jope will step down from the Unilever Board on 1 July.
chief govt pay
Hein Schumacher will obtain an annual fastened wage of 1.85 million euros and shall be eligible for annual bonuses and performance-sharing scheme incentives, in addition to relocation assist, all in step with Unilever’s present remuneration coverage. His wage places him within the median for our benchmark firms.
He may even obtain a share-based award to cowl misplaced incentive funds from his former employer. Additional particulars of its remuneration preparations shall be set out within the 2022 Administrators’ Remuneration Report.
Hein Schumacher, 51, is a world enterprise chief with a robust observe document at main firms within the shopper items trade.
Since January 2018, he has been Chief Govt Officer of Royal FrieslandCampina, an €11 billion enterprise working in additional than 40 international locations and promoting its merchandise in additional than 100 international locations. Throughout this time, Hein made important portfolio and organizational adjustments as a part of reworking it right into a extra aggressive enterprise. Targeted, development pushed and sustainable enterprise. Previous to his appointment as CEO, Hein was Chief Monetary Officer of Royal FrieslandCampina for 3 years.
Earlier than becoming a member of Royal FrieslandCampina, Hein labored at HJ Heinz for over ten years – a time of serious change for the corporate. In 2008, he was named Chief Technique Officer, earlier than relocating to China in 2011 as President and Chief Govt Officer. In 2013, he was named Govt Vice President of Kraft Heinz Asia Pacific and led a profitable transformation of the enterprise throughout China, Indonesia, India, Japan and Oceania.
Earlier in his profession, Hein labored in finance at Royal Ahold NV, serving as company controller for Asia and Central America. He began his profession at Unilever.
Hein holds a grasp’s diploma in Political Science and Worldwide Relations from the College of Amsterdam.
He’s married with three kids.
This announcement comprises inside data. This can be a notification pursuant to Article 17(1) of the European Market Abuse Regulation (596/2014).