Trending: Unilever Finance Chief Graeme Pitkethly to Retire Next Year
May 30 2023 - 05:47AM
Dow Jones News
0917 GMT - Unilever is among the most mentioned companies across
news items over the past three hours, according to Factiva data,
after the Ben & Jerry's ice cream owner said that Chief
Financial Officer Graeme Pitkethly will be retiring next year. The
Anglo-Dutch multisector retailer--which also owns Dove soap, as
well as Cif and Domestos cleaning products--said that Pitkethly
will leave by the end of May next year and that it has started the
search for a new CFO. RBC Capital Markets analysts James Edwardes
Jones and Emma Letheren said that the news wasn't a surprise given
that Chief Executive Alan Jope has also announced his plan to
retire this year. Unilever's culture has been a concern for several
years and a completely new management team is a good chance for a
fresh start at the company, the analysts say in a research note.
Shares are down 1.5% at 4,107.50 pence. Dow Jones & Co. owns
Factiva. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
May 30, 2023 05:32 ET (09:32 GMT)
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