Unilever embarks on hunt for new chief executive
Unilever has embarked on a hunt to find a successor to chief executive Paul Polman, signaling the eventual exit of the veteran executive who is poised to vacate the hot seat after eight years in the job.
The consumer goods behemoth is working with executive search firm Egon Zehnder for its hunt in a first step towards an eventual transition, although a formal recruitment process has yet to commence in earnest.
Competition for the job is likely to be intense as people look to compete to take hold of the reins to a raft of global brands ranging from Dove soap, to Lynx deodorant and Flora margarine – not to mention a generous benefits package that saw Polman earn €8.3m last year.
Any change at the top could be a while in coming however with Polman likely to remain in post for a further 18 months.
Unilever has been in process of a major consolidation drive since fending off a proposed takeover by Kraft Heinz, a process which could see it pull the plug on its UK headquarters in favour of the Netherlands – ending its dual corporate structure.