0755 GMT - Unilever's announcement that CEO Hein Schumacher is to step down after a very successful 18 months in charge is an astonishing surprise, RBC Capital Markets James Edwardes Jones and Wassachon Udomsilpa say in a note. "We met with Hein just over a week ago, and he seemed to us to be very much his normal ebullient self. We certainly didn't see this coming," they say. The departure as a 'good leaver' seems to rule out any undesirable behavior, but it would also be possible that he could have found another job, they say. Given that the recent company's performance wouldn't warrant his dismissal, the final possibility would be a personal issue, they add. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 02:55 ET (07:55 GMT)
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