The replacement of Unilever's CEO Paul Polman was not connected to a shareholder row earlier this year over a proposed move of the headquarters of the Anglo-Dutch consumer goods company from Britain to the Netherlands, said the group's chairman.
"The appointment of Alan Jope as the successor of Paul has nothing to do with the simplification process," said Chairman Marijn Dekkers, referring to the company's terminology for the HQ move.
Unilever said earlier on Thursday that Polman was retiring and would be succeeded in January by Alan Jope, the head of the Anglo-Dutch group's beauty business.
Dekkers told reporters on a call that the board had started the process a year ago to find a successor after Polman had indicated he would want to retire.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)