Unilever CEO drives sustainability refocus amid underperformance: ‘Not all brands need a social or environmental purpose’
The company is responding to analyst and investor concerns about execution.
Unilever’s new CEO Hein Schumacher is leading a radical refocus of the company’s sustainability as well as broader corporate strategy after suggesting that “thinly spread” efforts were partly responsible for underperformance.
Schumacher spoke to investors following the publication of Unilever’s Q3 2023 results, which showed a 3.8% year-on-year turnover drop, to €15.3 billion.
