Consumer
Unilever CEO Plans Shakeup of Top 200 Managers in Overhaul
A customer selects a packet of Dove soap, produced by Unilever Plc., at a supermarket in London.
Photographer: Chris Ratcliffe/Bloomberg
Unilever Plc Chief Executive Officer Fernando Fernandez expects to replace a quarter of the group’s top 200 managers following a performance review, as he leads an overhaul of the maker of Dove soap.
Fernandez, who has led the consumer goods company since February, also said Unilever had reduced its white collar workforce by 18% over the past 18 months as it tries to stamp out what he called “pockets of mediocrity.”