TIDMULVR
RNS Number : 5472A
Unilever PLC
26 September 2022
26 September 2022
Unilever CEO announces intention to retire at end of next
year
Unilever today announced that CEO Alan Jope has informed the
Board of his intention to retire from the company at the end of
2023, after five years in the role. The Board will now proceed with
a formal search for a successor and will consider both internal and
external candidates.
Unilever Chairman Nils Andersen said: "Unilever has seen
improved performance, enabled by its clear strategic choices and a
significant company transformation. The Board will now conduct an
orderly succession process and support Alan and the management team
in further driving the performance of Unilever.
"Alan's retirement next year will mark the end of a remarkable
career with Unilever. Under his leadership, Unilever has made
critical changes to its strategy, structure and organisation that
position it strongly for success. This work continues, and we will
thank Alan wholeheartedly for his leadership and contribution to
our business when he leaves next year."
Unilever CEO Alan Jope said: "As I approach my fifth year as
CEO, and after more than 35 years in Unilever, I believe now is the
right time for the Board to begin the formal search for my
successor. Growth remains our top priority, and in the quarters
ahead I will remain fully focused on disciplined execution of our
strategy, and leveraging the full benefits of our new
organisation."
ENDS
Enquiries
Media:
Jonathan Sibun +44 7779 999 683 / JSibun@tulchangroup.com
Lucila Zambrano +44 7825 273 767 /
lucila.zambrano@unilever.com
Investors:
Investor Relations Team investor.relations@unilever.com
Remuneration Disclosure
Alan Jope will be treated in accordance with Unilever's approved
remuneration policy. He is expected to step down from the Board of
Unilever and retire from employment on 31 December 2023. He will
continue to be paid in line with Unilever's normal remuneration
policy during this period. Treatment of all elements of his
remuneration will be in line with the remuneration policy set out
in the 2021 Annual Report and Accounts.
Any bonus awarded for 2022 and 2023, and any outstanding share
plan awards, will be determined in line with Unilever's
remuneration policy.
All payments are subject to required tax withholdings. Full
details of all payments made to and receivable by Alan Jope will be
disclosed on the Unilever website in due course in compliance with
Section 430 (2B) of the Companies Act 2006 and in the Directors'
Remuneration Report within the Company's Annual Report and Accounts
for the year ending 31 December 2022, and subsequent years, as
appropriate.
About Unilever
Unilever is one of the world's leading suppliers of Beauty &
Wellbeing, Personal Care, Home Care, Nutrition and Ice Cream
products, with sales in over 190 countries and products used by 3.4
billion people every day. We have 148,000 employees and generated
sales of EUR52.4 billion in 2021.
Our vision is to be the global leader in sustainable business
and to demonstrate how our purpose-led, future-fit business model
drives superior performance. We have a long tradition of being a
progressive, responsible business.
The Unilever Compass, our sustainable business strategy, is set
out to help us deliver superior performance and drive sustainable
and responsible growth, while:
- improving the health of the planet;
- improving people's health, confidence and wellbeing; and
- contributing to a fairer and more socially inclusive
world.
For more information about Unilever and our brands, please visit
www.unilever.com .
Safe Harbour
This announcement may contain forward-looking statements,
including 'forward-looking statements' within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as 'will', 'aim', 'expects', 'anticipates', 'intends',
'looks', 'believes', 'vision', or the negative of these terms and
other similar expressions of future performance or results, and
their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the 'Group'). They are
not historical facts, nor are they guarantees of future
performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever's global brands
not meeting consumer preferences; Unilever's ability to innovate
and remain competitive; Unilever's investment choices in its
portfolio management; the effect of climate change on Unilever's
business; Unilever's ability to find sustainable solutions to its
plastic packaging; significant changes or deterioration in customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain and distribution; increases or
volatility in the cost of raw materials and commodities; the
production of safe and high quality products; secure and reliable
IT infrastructure; execution of acquisitions, divestitures and
business transformation projects; economic, social and political
risks and natural disasters; financial risks; failure to meet high
and ethical standards; and managing regulatory, tax and legal
matters. A number of these risks have increased as a result of the
current Covid-19 pandemic. These forward-looking statements speak
only as of the date of this document. Except as required by any
applicable law or regulation, the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Group's expectations with regard thereto
or any change in events, conditions or circumstances on which any
such statement is based.
Further details of potential risks and uncertainties affecting
the Group are described in the Group's filings with the London
Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including in the Annual Report on Form 20-F
2021 and the Unilever Annual Report and Accounts 2021 available on
our corporate website.
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END
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