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Paul Polman will retire as Unilever CEO and as a Board member on 31 December 2018.
Paul Polman will retire as Unilever CEO and as a Board member on 31 December 2018.

Unilever announced that CEO Paul Polman has decided to retire from the company. Alan Jope, currently President, Beauty & Personal Care, has been appointed to the position, effective 1 January 2019, with Polman supporting the transition process during the first half of the year.

Paul Polman has been Unilever CEO for over 10 years and has worked in the consumer goods industry for almost four decades. During his tenure, the company has delivered consistent top and bottom line growth ahead of its markets, driving a Total Shareholder Return of 290% over that period.

Alan Jope, 54, has led Beauty & Personal Care, Unilever’s largest Division, since 2014 and has been on the company’s Leadership Executive since 2011.

He has an excellent track record of leading Unilever’s business in both developed and emerging markets, having run the company’s North Asia business for four years, served as President, Russia, Africa & Middle East, and spent over a decade in senior Foods, Home Care and Personal Care roles for Unilever US. Alan joined the company as a graduate marketing trainee in 1985.

Unilever Chairman Marijn Dekkers said: “Paul is an exceptional business leader who has transformed Unilever, making it one of the best-performing companies in its sector, and one of the most admired businesses in the world. Paul’s vision, drive and performance focus, combined with his commitment to serving the best long-term interests of the company, have materially strengthened Unilever.”

After a rigorous and wide-ranging selection process, the Board is delighted to appoint Alan to the role. Having worked for Unilever in a variety of senior management roles, Alan has a deep understanding and experience of our business, the industry, and the markets in which we operate,” he added.

Polman will retire as CEO and as a Board member on 31 December 2018. He will support the transition process in the first half of 2019 and will leave the company in early July. A successor to the role of President, Beauty & Personal Care will be announced shortly.

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