0856 GMT - Unilever CEO Hein Schumacher's departure could be related to his style of managing the company, RBC Capital Markets analysts James Edwardes Jones and Wassachon Udomsilpa say after speaking to the company. According to the analysts, the company said the departure wasn't due to personal reasons such as inappropriate behavior or Schumacher having found another CEO job. Schumacher leaving the company is being presented as "business as usual." The board has been thinking about such a change for a while, they write in a note. The analysts say that the decision could either represent a victory for Unilever's insiders or "evidence of the old--and often dysfunctional--Unilever culture reasserting itself." Shares are down 1.7%. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 03:56 ET (08:56 GMT)
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