UL - Billionaire Nelson Peltz Backs Unilever's Revitalization Plan Amid Investor Concerns: Report | Benzinga
Unilever Plc (NYSE:UL) CEO Hein Schumacher reportedly expressed confidence in the company’s recently devised strategy, emphasizing the full support of billionaire activist and board member Nelson Peltz.
Despite lingering investor skepticism after years of industry underperformance, Schumacher remains committed to revitalizing Unilever.
Schumacher outlined his vision for Unilever’s future, underscoring the need for a “systematic” marketing strategy for its flagship brands, which include household names like Dove, Hellmann’s, and Ben & Jerry’s.
In an interview with Reuters, he asserted a commitment to streamlining the company’s extensive workforce of 127,000 employees, a move aimed at enhancing operational efficiency.
The multinational consumer goods giant’s CEO acknowledged his predecessor’s missteps, criticizing the ...