299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Oct 25, 2022
Reading time
3 minutes
Download
Download the article
Print
Text size

Activist investor Peltz meets possible Unilever CEOs

By
Reuters API
Published
Oct 25, 2022

Activist investor Nelson Peltz, who is on the board of Unilever Plc, has approached former CEOs of consumer goods companies as candidates for the top job at the Dove soap-maker, two sources familiar with the matter said.


Reuters


London-based Unilever is seeking a successor to CEO Alan Jope, who said last month he would retire at the end of 2023.

Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. It has tried preserving margins by hiking the prices it charges for its 400 brands, but has seen them shrink.

Its shares have underperformed European consumer staples and discretionary indices under Jope's tenure, which began in January 2019. It has been scarred by a legal challenge by its top-selling Ben & Jerry's to block the sale of its ice cream business in Israel, as well as by failed attempts to buy GSK plc's consumer healthcare business.

Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. Neither candidate formerly led Procter & Gamble Co, the Unilever rival where Peltz previously held a seat on the board that he used to prompt a major overhaul, the source added.

Peltz, who co-founded investment firm Trian Partners and joined the Unilever board in July, has also formerly been on the boards of Ritz cracker-maker Mondelez International Inc and ketchup-maker Heinz, now known as Kraft Heinz Co.

Activists such as Peltz are known for reshaping corporate C-suites.

When Jope announced his retirement, Peltz said he was sorry to hear of the decision.
"As a board member, Trian’s CEO Nelson Peltz looks forward to continuing to work closely with Alan until his departure and to being part of the process of choosing a new leader for the company," his firm said in a statement last month.

Trian declined to comment further when asked about Peltz's attempts to find a new CEO.

Florida Talks


Even before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said.

The sources could not be named because they were not permitted to speak to the media.
In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said.

A Unilever spokeswoman declined to comment.

Unilever, which has hired a search firm to find Jope's successor, is also evaluating candidates within its own ranks, the sources said. Fabian Garcia, the president of Unilever's personal care division, is a leading internal contender, four sources familiar with the matter said.

Garcia, who was the CEO of U.S. cosmetics company Revlon until 2018, previously led Unilever's North America division, which has been growing sales.

Chief Financial Officer Graeme Pitkethly and Hanneke Faber, president of Unilever’s nutrition group, are also contenders, one of the sources said. None of the potential candidates could be reached for comment.

Garcia may also be a candidate to lead Unilever rival Reckitt Benckiser Group plc, the source said.
In May, Trian said it would work with Unilever's management and board "to help drive Unilever’s strategy, operations, sustainability, and shareholder value for the benefit of all stakeholders."

Some investors have criticized the company for putting profits before more sustainable goals.
Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.

© Thomson Reuters 2024 All rights reserved.