Unilever has announced that its group’s chief executive Patrick Cescau will retire from Unilever at the end of the year. He has served the business for 35 years and has led Unilever for the last four.
Paul Polman currently executive vice president and Zone Director for the Americas at Nestlé SA - will be appointed group chief executive to succeed Cescau.
Michael Treschow, chairman of Unilever said: “We are very pleased to welcome Polman. He has all the attributes necessary to build on Cescau’s achievements. We are delighted that he has agreed to join the business and to lead Unilever into the next stage of its development.”