Unilever (ULVR) announced the retirement of chief executive officer Paul Polman, with Alan Jope, president of the company’s beauty and personal care division, set to replace him on 1 January.
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Mr Polman leaves his tenure of over a decade on the back of a dramatic year dominated by an aborted relocation of Unilever’s headquarters. After a commitment made in March to move to Rotterdam, a shareholder revolt in October forced the company into a u-turn. Unilever did not attribute Brexit to its initial decision to move to the Netherlands. A spokesperson for Unilever said: "Our internal succession planning processes started about a year ago."
