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Current CFO Fernando Fernandez to assume the role on March 1.
February 25, 2025
By: Melissa Meisel
Unilever announced that Hein Schumacher is stepping down as Chief Executive Officer and as a Board Director on March 1, 2025 by mutual agreement, and will leave the company on May 31, 2025.
Fernando Fernandez, currently Unilever Chief Financial Officer and Executive Director, will be appointed Chief Executive Officer effective from March 1. Prior to becoming CFO in January 2024, Fernando had a successful tenure as President of Beauty & Wellbeing, one of Unilever’s fastest growing businesses. In previous roles as President Latin America, CEO Brazil and CEO Philippines he led some of the company’s best performing markets.
A thorough internal and external search process is being initiated to appoint a permanent CFO, said the company. Srinivas Phatak, currently Unilever’s Deputy Chief Financial Officer and Group Controller, will become acting CFO.
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