EX-99.18 19 a9918-unileverannouncesn.htm EX-99.18
RNS Directorate Change UNILEVER ANNOUNCES NEW CFO UNILEVER PLC Released 07:01:06 26 October 2023 RNS Number : 3839R Unilever PLC 26 October 2023 Unilever announces new Chief Financial Officer Unilever today announced Fernando Fernandez as its new Chief Financial Officer a�er a thorough internal and external search process. Fernando, currently President of Unilever's Beauty & Wellbeing Business Group, will replace Graeme Pitkethly, who announced his decision to re�re from the company earlier this year. Fernando's appointment is effec�ve from 1 January 2024, and he will join the Board with effect from this date. Prior to his current role running one of Unilever's fastest growing Business Groups, Fernando was responsible for Unilever's business in La�n America. This followed a successful period leading Unilever Brazil between 2011 and 2019. Earlier in his career, he led Unilever Philippines and, before that, Unilever's Global Hair Care category. Hein Schumacher, CEO, said: "Fernando has had a very impressive track record throughout his Unilever career, in a variety of financial, marke�ng and general management roles. His deep financial and business experience, strategic acumen and leadership quali�es will be cri�cal in helping to drive the step-up in Unilever's performance that we are all determined to deliver. I look forward to working with him to deliver the ac�on plan we have set out today to drive our growth and realise our poten�al." Unilever today also announced other changes to its Unilever Leadership Execu�ve. - Priya Nair, currently Chief Marke�ng Officer Beauty & Wellbeing, has been appointed President Beauty & Wellbeing, replacing Fernando. - Hanneke Faber, President Nutri�on, has decided to leave Unilever to take on a new opportunity externally. Hanneke's replacement will be announced in due course. - Ma� Close, President Ice Cream, has decided to leave Unilever at the end of 2023 a�er a dis�nguished 31-year career with the company. - Peter ter Kulve, currently President Home Care, has been appointed President Ice Cream. - Eduardo Campanella, currently Chief Marke�ng Officer Home Care, has been appointed President Home Care. - Esi Eggleston Bracey, General Manager Personal Care North America and Head of Country US, has been appointed to the new role of Chief Growth and Marke�ng Officer. Hein added: "I would like to extend my deep gra�tude to Hanneke and Ma� for their excellent, dis�nguished service to Unilever, and I wish them the very best in their future endeavours. "Priya, Esi and Edu represent part of an excep�onal genera�on of Unilever leaders who combine world class marke�ng skills with frontline experience. I am delighted they will join the Unilever Leadership Execu�ve, and that Peter, one of Unilever's most experienced operators, has agreed to return to Ice Cream - where he has enjoyed such success in the past." Unilever confirms there is no further informa�on to be disclosed under the requirements of LR 9.6.13R of the UK Lis�ng Rules in rela�on to Fernando Fernandez's appointment. Details regarding Fernando Fernandez's remunera�on arrangements are set out below. _____________________________ Notes to editors As a result of these changes, from 1 January 2024, the ULE will comprise: - Chief Execu�ve Officer, Hein Schumacher - Chief Financial Officer, Fernando Fernandez - Business Group President Beauty & Wellbeing, Priya Nair - Business Group President, Personal Care, Fabian Garcia - Business Group President Home Care, Eduardo Campanella - Business Group President Nutri�on, to be announced - Business Group President Ice Cream, Peter ter Kulve - Chief Growth and Marke�ng Officer, Esi Eggleston Bracey - Chief Business Opera�ons and Supply Chain Officer, Reginaldo Ecclissato - President South Asia and CEO & Managing Director Hindustan Unilever, Rohit Jawa - Chief People and Transforma�on Officer, Ni�n Paranjpe - Chief Research & Development Officer, Richard Slater - Chief Legal Officer and Company Secretary, Maria Varsellona CFO Remunera�on Fernando will receive annual fixed pay of €1.175mm, be eligible to receive annual bonus and Performance Share Plan awards, and reloca�on support, all in line with Unilever's exis�ng remunera�on policy. His target total compensa�on puts him around median of our pay benchmarking group. Graeme Pitkethly leaving arrangements Graeme will step down from the Board on 31 December 2023 but will remain a Unilever employee un�l 31st May 2024, to support an orderly transi�on. Full details will be disclosed in the Directors' Remunera�on Report within the Annual Report and Accounts as required going forward. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. 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