REG - Unilever PLC - Directorate Change

UnileverAnnouncement

26/09/2022 07:00

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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
(mailto:JSibun@tulchangroup.com)

Lucila Zambrano +44 7825 273 767 / lucila.zambrano@unilever.com
(mailto:lucila.zambrano@unilever.com)

 

Investors:

Investor Relations Team  investor.relations@unilever.com
(mailto: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 €52.4 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
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.unilever.com%2F&data=04%7C01%7CAndriana.Matsangou%40unilever.com%7C42ee47b2288d45f8f2a208d8df2d618c%7Cf66fae025d36495bbfe078a6ff9f8e6e%7C1%7C0%7C637504733280668573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=lScCQSEAvkw%2Bpg9uZtvDK3xlyNvKIfqQyv6GDWdkKt8%3D&reserved=0)
.  

 

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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