REG - Unilever PLC - Unilever simplifies organisation

UnileverAnnouncement

25/01/2022 09:00

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RNS Number : 5509Z  Unilever PLC  25 January 2022

Unilever simplifies organisation

 

 

London, 25 January 2022. Unilever today announced changes to its
organisational model to make it a simpler, more category-focused business.

 

The company will move away from its current matrix structure and will be
organised around five distinct Business Groups: Beauty & Wellbeing,
Personal Care, Home Care, Nutrition, and Ice Cream. Each Business Group will
be fully responsible and accountable for their strategy, growth, and profit
delivery globally.

 

Alan Jope, CEO Unilever, explains, "Our new organisational model has been
developed over the last year and is designed to continue the step-up we are
seeing in the performance of our business. Moving to five category-focused
Business Groups will enable us to be more responsive to consumer and channel
trends, with crystal-clear accountability for delivery. Growth remains our top
priority and these changes will underpin our pursuit of this."

 

To enable Unilever to benefit from its scale and global capabilities, the five
Business Groups will be supported by Unilever Business Operations, which will
provide the technology, systems, and processes to drive operational excellence
across the business.  A lean Unilever Corporate Centre will continue to set
Unilever's overall strategy.

 

As a result of the new set-up, Unilever is making changes to its leadership
team.

 

·    Fernando Fernandez, EVP Latin America, has been appointed President
Beauty & Wellbeing, which includes Hair Care, Skin Care, as well as
Vitamins, Minerals and Supplements, and Unilever Prestige.

·    Fabian Garcia, President North America, has been appointed President
Personal Care, responsible for Skin Cleansing, Deodorants, and Oral Care.

·    Peter ter Kulve will continue in his role as President Home Care,
responsible for Fabric Care, Home & Hygiene, and Water & Air.

·    Hanneke Faber, President Foods & Refreshment, has been appointed
President Nutrition, which will be home to Scratch Cooking, Healthy Snacking,
Functional Nutrition, Plant-Based Meat, and Food Solutions.

·    Matt Close, EVP Ice Cream, has been appointed President Ice Cream, a
Business Group in its own right.

 

These appointments are effective from April 1, 2022.

 

In addition:

 

·    Nitin Paranjpe, Chief Operating Officer (COO), will take on a new
role as Chief Transformation Officer & Chief People Officer, leading the
business transformation, and heading the HR function.

·    Reginaldo Ecclissato, Chief Supply Chain Officer, will lead the
Supply Chain and Unilever Business Operations as Chief Business Operations
Officer.

 

Sunny Jain, President Beauty & Personal Care, has decided to leave
Unilever to set up an investment fund in technology megatrends. Other members
of the Unilever Leadership Executive (ULE) will remain in role, including
Sanjiv Mehta who will retain executive leadership of Hindustan Unilever.

 

The proposed new organisation model will result in a reduction in senior
management roles of around 15% and more junior management roles by 5%,
equivalent to around 1,500 roles globally. Changes will be subject to
consultation. We do not expect factory teams to be impacted by these changes.

 

All costs related to setting up the new organisation will be managed within
existing restructuring investment plans.

 

ENDS

 

 

Enquiries

Media:

press-office.london@unilever.com

Jonathan Sibun +44 7779 999 683 / JSibun@tulchangroup.com

Lucila Zambrano +44 7825 273 767 / lucila.zambrano@unilever.com

 

Investors:

Investor Relations Team +44 20 7822 6830 investor.relations@unilever.com

 

 

About Unilever  

 

Unilever is one of the world's leading suppliers of Beauty & Personal
Care, Home Care, and Foods & Refreshment products, with sales in over 190
countries and products used by 2.5 billion people every day. We have 149,000
employees and generated sales of €50.7 billion in 2020.

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
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.  

 

 

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
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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
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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 2020 and the Unilever Annual Report and Accounts
2020 available on our corporate website.

 

 

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