Shares in Unilever took an initial dip as markets opened today (25 February) following news that its CEO Hein Schumacher has decided to step down from the company’s top leadership position.
According to data from MarketWatch, the value of shares fell by 1.6% this morning from the previous closing price 4,483p per share, with its value down by around 5% in the last month and 2.9% since the beginning of the year. The shares have rallied and stabalised since, trading at 4,398 at the time of reporting, however this is still more than 1.5% lower than the recent market close. Over half of CEOs expect rise in global economic growth in the next year Schumacher will take a step back from his CEO and board director roles on 1 March 2025 and will leave Unilever altogether on 31 ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
