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Unilever Appoints Hein Schumacher As New CEO

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Unilever announced on Monday that it had appointed Hein Schumacher to succeed Alan Jope as chief executive starting in July.

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A move which was greeted with approval by investors, including board members as well as activist shareholder Nelson Peltz.

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Schumacher, 51, who has been with the company since October, joined Unilever last year. 

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He was appointed a non-executive director. He is currently the CEO of the Dutch dairy company Friesland Campina.

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He was employed at Unilever for more than 20 years ago before working at retailer Royal Ahold NV and packaged food manufacturer H.J. Heinz in the United States, Europe and Asia.

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Unilever is one of the largest consumer firms around the globe, with more than 400 brands that range from detergent to ice cream.

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