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LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job, leaving insider Alan Jope to step into his shoes after the Anglo-Dutch group’s failed attempt to shift its headquarters. A UK investor revolt forced Polman and the Unilever board to scrap a plan in October to move the headquarters of the dual-listed company, which makes Dove soap and Ben & Jerry’s ice cream, to the Netherlands. Company veteran Jope, 54, is the boss of the beauty and personal care division which is Unilever’s (UNc.AS) largest, accounting for almost half of group annual profits. The Scotsman also previously led the company’s business in China and has long been seen as a possible successor to Polman montblanc spider cufflinks uk sale.
“Our global footprint includes strong positions in many important markets for the future and our focus will remain on serving our consumers, and our other multiple stakeholders, to deliver long‐term growth and value creation,” Jope said. At the helm since January 2009, Polman, 62, generated big returns for shareholders totaling 290 percent over the period, expanded its presence in emerging markets, and in 2017 fended off a $143 billion takeover approach by Kraft-Heinz (KHC.O). That failed bid, however, helped prompt Dutchman Polman to seek to simplify Unilever’s structure by shifting its headquarters to Rotterdam. That angered UK-based shareholders as Unilever would have left the UK FTSE 100 share index, forcing some to sell montblanc spider cufflinks uk sale.
Unilever’s board, led by Chairman Marijn Dekkers, ditched the HQ move plan on Oct. 5 after it became clear that it could fall short of the investor approval needed montblanc spider cufflinks uk sale. Dekkers denied the row had accelerated Polman’s retirement. “The appointment of Alan Jope as the successor of Paul has nothing to do with the simplification process,” he told reporters on Thursday. Polman’s decision to retire was not unexpected and the board had started a process a year ago to consider appropriate replacements, Dekkers added..
“That’s why we were able to appoint Alan immediately,” he said. Polman’s reputation as a champion of issues like sustainability and the company’s social impact wasn’t always appreciated montblanc spider cufflinks uk sale. Bernstein analyst Andrew Wood said some investors were irked by what they considered a “preachy” style but added that Polman had a strong record over the past decade. “Just like one of Unilever’s highest profile products, Marmite, Polman engenders strongly differing opinions from investors,” Wood said..