Unilever stocks drop after unexpected CEO departure

clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Company surprises shareholders with announcement CEO Hein Schumacher is to step down and will be replaced by CFO Fernando Fernandez from March

Shares in Unilever took an initial dip as markets opened today, following news CEO Hein Schumacher has decided to step down According to data from MarketWatch, the value of shares fell by 1.6 per cent...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Management

Responsible Glass: JLR backs global certification scheme for sustainable glass

Responsible Glass: JLR backs global certification scheme for sustainable glass

Some of the world's largest glass producers and users back launch of new sustainability standards

Stuart Stone
clock 04 December 2025 • 3 min read
BSI unveils new framework to measure environmental impact of pharmaceuticals

BSI unveils new framework to measure environmental impact of pharmaceuticals

New global standard for measuring environmental impacts of pharmaceuticals and medicines published by influential standards body

Stuart Stone
clock 03 December 2025 • 2 min read
Never mind the bollocks, here's the systems change

Never mind the bollocks, here's the systems change

If 'eco-populism' tells people they won't be shamed, business must ensure they won’t be stranded, writes Hubbub CEO Alex Robinson

Alex Robinson, Hubbub
clock 03 December 2025 • 5 min read