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The Board of Directors lacks patience, leading to an increasing number of CEOs of American companies being terminated.
At the end of February, Unilever unexpectedly announced the replacement of Chief Executive Officer Hein Schumacher, with the Board of Directors' wording in the company's press release being quite frank. Unilever's Chairman Ian Meakin stated in a statement: "While the Board is satisfied with Unilever's performance in 2024, there is still a long way to go to achieve the best performance in the industry." Unilever's current Chief Financial Officer Fernando Fernandez will take over Schumacher's position, and Fernandez possesses "
Citi Remains a Buy on Unilever (ULVR)
Unilever Enhances Shareholder Value With Strategic Share Buyback
