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Unilever to Replace Up to a Quarter of Top Managers as Fernandez Accelerates Overhaul

The turnaround pivots investment to premium beauty, with growth centered on the US and India.

Overview

  • CEO Fernando Fernandez said a one-by-one review of the top 200 leaders is underway, with about 25% expected to be replaced to sharpen accountability.
  • Unilever has eliminated roughly 18% of white‑collar roles over the past 18 months as part of its restructuring push.
  • Management reaffirmed a €800 million savings target by end‑2026, including about €650 million expected this year.
  • The company is moving from a geography‑led to a category‑led structure, speeding decisions with higher risk tolerance and prioritizing premium beauty and personal care.
  • Dealmaking will be limited to the US and India, and plans to spin off the ice‑cream business remain on track for a November listing.