On Monday, Unilever (NYSE: UL) said CFO Fernando Fernandez would take on more responsibilities, including overseeing supply chain and procurement, as the company overhauls its operations to focus on its “power” brands.
The FTSE 100 company said Fernandez would also look into digital, technology, and business services, and would get a 7.5% fixed pay rise.
The added CFO responsibilities come after Reginaldo Ecclissato, currently chief business operations and supply chain officer, was named president of One Unilever Markets, reporting to the CEO.
The changes, which will take effect on January 1, come at a time when Unilever (NYSE: UL), home to about 400 brands worldwide, has been trying to recalibrate its operations to focus more on marketing its top 30 “power” brands and streamlining its business, particularly in Europe.
In March, Unilever said it would spin off its ice cream unit, home to brands such as Magnum and Ben & Jerry’s.
Willem Uijen, currently chief procurement officer, has been appointed to the role of chief supply chain officer, reporting to the CFO, the company said in a statement.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment. Read Full Bio
