Unilever is unexpectedly replacing its chief executive, as the maker of Dove soap and Hellmann’s mayonnaise seeks to accelerate plans to revive its fortunes.
The company said Tuesday that Hein Schumacher would step down by mutual agreement on March 1, less than two years after taking the helm with the endorsement of activist investor Nelson Peltz. He will be succeeded by finance chief Fernando Fernandez, a company veteran.
