Overview

• Fernando Fernandez said a review of Unilever’s top 200 managers will likely lead to a 25% refresh after market benchmarking.
• Roughly 18% of white-collar roles have been eliminated over the past 18 months as part of efforts to tighten performance.
• Leaders are being pushed to decide faster with higher risk tolerance, with incentives raised to as much as 200% and rewards paid in hard currency.
• Deal activity will be limited to the United States and India, which Fernandez called key growth engines for the company.
• The restructuring continues plans to spin off the ice-cream unit, including Magnum and Ben & Jerry’s, later this year, alongside a previously stated goal to cut 7,500 office-based roles by 2026.