Unilever CEO steps down after two years as Fernando Fernandez takes over

Unilever has announced that Hein Schumacher will step down as chief executive officer and board director on 1st March 2025, after just two years in the role.

Schumacher, who officially took over as CEO in July 2023, will leave the company entirely by 31st May 2025, following what the company described as a mutual agreement.

Schumacher’s departure comes despite what Unilever chairman Ian Meakins described as notable achievements during his short tenure.

Meakins said: “On behalf of the Board, I would like to thank Hein for resetting Unilever’s strategy, for the focus and discipline he has brought to the company and for the solid financial progress delivered during 2024.”

He also highlighted Schumacher’s introduction of a significant productivity programme and the commencement of the Ice Cream separation, stating both initiatives remain “fully on track.”

Schumacher, who was previously CEO of Royal FrieslandCampina and had served as a Non-Executive Director at Unilever since October 2022, brought a strong background in consumer goods leadership.

His earlier career included roles at H.J. Heinz, where he led a turnaround of the Asia Pacific zone, and a finance career start at Unilever itself.

Schumacher said: “It has been a privilege to lead Unilever. We have made real progress and I am proud of what we have achieved in a short period of time.