1014 GMT - Unilever's replacement of its CEO suggest the turnaround plan wasn't progressing as quickly as hoped, AJ Bell investment director Russ Mould says in a note. While the company's performance under Hein Schumacher's leadership hasn't been bad enough to warrant his departure, some clues come from Chair Ian Meakins' comments, Mould says. Meakins said new CEO Fernando Fernandez has the ability to "drive change at speed," and that the board has confidence in him realizing the benefits of a growth plan "with urgency," Mould says. But this could mean the company is overly focused on the short term, he says. "Being too aggressive simply to get the share price moving higher is a dangerous road to travel as mistakes can easily be made," Mould notes. Shares are down 1.8%. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 05:14 ET (10:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.