Former Unilever chief executive Paul Polman is remembered for the unwanted takeover bid he fended off. Outgoing Unilever chief Alan Jope will be remembered for the unwanted takeover bid he pursued. In January the markets gave the London-based consumer group’s shares a drubbing following Jope’s misjudged plan to buy GSK’s own consumer goods unit, Haleon, ahead of its scheduled spin-off.
Yahoo Finance Live anchors discuss Unilever CEO Alan Jope’s decision to retire next year.
Alan Jope is to retire as chief executive of Unilever at the end of 2023 following investor discontent over lacklustre performance during his time leading one of the world’s largest consumer goods groups. Unilever has faced a period of upheaval after shareholder discontent over a languishing share price was heightened by an unpopular and unsuccessful attempt to buy the consumer health arm of GSK for £50bn in late 2021. Jope’s planned departure follows the arrival of activist investor Nelson Peltz, whose Trian Fund Management has a history of shaking up consumer goods makers.