financetom
Business
financetom
/
Business
/
Unilever CFO takes on additional responsibility amid operational overhaul
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Unilever CFO takes on additional responsibility amid operational overhaul
Dec 9, 2024 6:27 AM

(Reuters) - Unilever ( UL ) said on Monday CFO Fernando Fernandez would take on more responsibilities, including overseeing supply chain and procurement, as the company overhauls its operations to focus on its "power" brands.

The FTSE 100 company said Fernandez would also look into digital, technology and business services, and would get a 7.5% fixed pay rise.

The added CFO responsibilities come after Reginaldo Ecclissato, currently chief business operations and supply chain officer, was named president of One Unilever Markets, reporting to the CEO.

The changes, which will take effect on Jan. 1, come at a time when Unilever ( UL ), home to about 400 brands worldwide, has been trying to recalibrate its operations to focus more on marketing its top 30 "power" brands and streamlining its business, particularly in Europe.

In March, Unilever ( UL ) said it would spin off its ice cream unit, home to brands such as Magnum and Ben & Jerry's ( UL ).

Willem Uijen, currently chief procurement officer, has been appointed to the role of chief supply chain officer, reporting to the CFO, the company said in a statement.

(Reporting by Prerna Bedi and Aby Jose Koilparambil in Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BlackRock rolls out Texas ETF as Lone Star State draws capital, companies
BlackRock rolls out Texas ETF as Lone Star State draws capital, companies
Jun 24, 2025
June 24 (Reuters) - BlackRock ( BLK ) on Tuesday launched a Texas-focused exchange-traded fund, as the asset manager aims to tap into the state's growing reputation as a magnet for companies, capital and jobs in the United States. The Lone Star State's low taxes, business-friendly policies as well as growing tech and energy sectors have attracted investors and asset...
Hewlett Packard Enterprise Enters Partnership With Miami Freedom Park, Inter Miami CF
Hewlett Packard Enterprise Enters Partnership With Miami Freedom Park, Inter Miami CF
Jun 24, 2025
02:05 PM EDT, 06/24/2025 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) said Tuesday it has signed a partnership agreement to become the first founding partner and an official technology partner of Miami Freedom Park, as well as the exclusive Network Infrastructure, Solutions, and Hybrid Cloud partner of Major League Soccer club Inter Miami CF. Miami Freedom Park is...
Investment groups call for exemption of passive income from US tax bill
Investment groups call for exemption of passive income from US tax bill
Jun 24, 2025
NEW YORK (Reuters) -Six investment groups representing sectors including fund managers, venture capital and real estate in a letter to two Senate Republicans over the tax and spending bill now under debate asked that passive investments be exempt from a provision of the bill that targets foreign investors. The proposal would allow the imposition of new taxes on residents, businesses...
Copyright 2023-2026 - www.financetom.com All Rights Reserved