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Paul Polman, CEO of Unilever, resigns at the end of December after ten years at the helm of the food manufacturer. Alan Jope, CEO of the largest division of Unilever, succeeds him.
Unilever reports on his work on Thursday. Polman's position had been discussed for some time after the failure of the relocation of a new joint seat in Rotterdam.
According to a spokesperson, the decision missed has nothing to do with the decision to retire now. "He always said that it was the period during which he would stay." Internal monitoring started about a year ago, says the information officer.
Polman, aged 62, had been working for years on the plan to simplify Unilever 's corporate structure, but this decision was not made under pressure from the company. a group of British shareholders. Shareholders were dreaded, notably, by the trading loss of the British FTSE 100 stock index in London. On the British side, Unilever's management was accused of never having made a good deal.
Also struck by the removal of tax on dividends after unsuccessful relocation
After the move did not take place, the Cabinet's main argument for repaying it has disappeared. and in the end this plan also came to an end.
In an interview with AD Polman recently stated that the removal of the dividend tax was a prerequisite for the move to Rotterdam. "We have said very clearly to the government:" If you want Unilever one day to go to the Netherlands with his seat, this can never happen with the dividend tax, "says Polman in the
Polman will still be halfway after his resignation, stay to accompany the transition and leave the company in early July Before the debacle of the move to Rotterdam, Polman had to face a public tender offer. Kraft Heinz's hostile purchase of about 130 billion euros
In early 2017, the US group withdrew the takeover proposal, but the case created urgency at Unilever
Polman's successor, Jope, has been with Unilever since 1985 and has been responsible for the Beauty and Personal Care Division since 2014. This business unit manufactures Ax, Vaseline and Prodent.
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