Unilever's new CEO lays out plans to simplify operations
© Reuters. FILE PHOTO: Klondike, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. REUTERS/Andrew Kelly/File PhotoLONDON -Unilever's new chief executive Hein Schumacher on Thursday laid out plans to simplify the business and deliver faster growth after admitting it had underperformed in recent years.
Schumacher, who took up the role in July, said the company would now focus on 30 key brands which account for 70% of its sales. It will focus on improving its gross margin and not undertake any major or transformational acquisitions, he said. Unilever reported a 5.2% rise in underlying sales, meeting analysts' average forecast, a company-provided consensus showed.
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