Unilever CEO Alan Jope To Retire Next Year

Unilever CEO Alan Jope To Retire Next Year
  • British consumer goods giant Unilever PLC UL Chief Executive Officer Alan Jope intends to retire in 2023 end.
  • The decision comes after the CEO came under severe criticism over a failed takeover bid of drugmaker GSK Plc's GSK consumer health unit worth £50 billion ($53 billion), Bloomberg reported.
  • GSK rejected Unilever's bid and ended up spinning off its consumer healthcare business into an independently-traded public company, named Haleon.
  • The company reported an underlying EPS of €1.34 in the first half of 2022 versus €1.33 and expected elevated inflation in the second half.
  • Also ReadUnilever To Add This Activist Investor To Board- What's the Catch?
  • The maker of Dove soap will have to search for a new leader while reeling under economic uncertainties, including a surge in inflation and continued supply chain disruption.
  • Price Action: UL shares are trading lower by 0.80% at $43.50 in premarket on the last check Monday.

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