Unilever’s revelation of the sudden departure of Hein Schumacher – before he could celebrate a second summer as CEO – seemed shrouded in mystery. But the devil might just be in the detail – in the case of Unilever,

Unilever has ousted chief executive Hein Schumacher after its board lost patience with the pace of his turnaround plan for the London-listed group, replacing him with chief financial officer Fernando Fernandez.

In a development that's startled analysts and serves as a reminder that shorter tenures apply to CEOs and CMOs alike, consumer products giant Unilever announced that its chief executive will […]

In a surprise announcement, Unilever said its CEO was leaving and Fernando Fernandez, currently Unilever's chief financial officer and executive director, will replace him on March 1.

Unilever said Hein Schumacher is stepping down as chief executive and will be replaced by finance chief Fernando Fernandez. The consumer-goods giant said Schumacher would step down by mutual agreement on Saturday before leaving the company on May 31.

Unilever has announced Hein Schumacher will step down as CEO within days, just 18 months after he joined the consumer goods giant from FrieslandCampina. In a statement to the London Stock Exchange today (25 February),

"The step-up from CFO to CEO by Fernandez will be liked by many investors," Jefferies analyst David Hayes said of the Unilever CEO transition.

Unilever CEO Hein Schumacher is stepping down after less than two years in the job, the company said Tuesday. Current CFO Fernando Fernandez is set to take his place leading the company, effective March 1. Unilever said there was no change to its 2025 outlook or the company's medium-term guidance following this announcement.

Unilever announces the exit of CEO Hein Schumacher after less than two years, appointing CFO Fernando Fernandez to lead the company.

Schumacher defended his approach and record as CEO and said he regretted leaving Unilever earlier than anticipated.