Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Unilever Appoints Chairman Of Compass Group As Chair Designate

By Reuters
Share this article
Unilever Appoints Chairman Of Compass Group As Chair Designate

Consumer goods giant Unilever has appointed Ian Meakins as its chair designate, replacing current chairman Nils Andersen.

Meakins, chairman of the Compass Group, will join the board and take the position of chair designate on September 1, and join as the company's chairman on December 1, according to a statement.

"Ian has a strong track record of success in executive and non-executive roles across a range of industries," Andersen said.

Ian Meakins

Meakins, 66, had previously held positions at Diageo, Bain & Company, and Procter & Gamble.

“It is a great honour to have been asked to succeed nils as Chair of Unilever," he commented. "I look forward to working with the board and with Hein and his leadership team to help realise Unilever’s full potential and create value for all its stakeholders.”

ADVERTISEMENT

Andersen will step down from the board, after nine years’ service, at Unilever’s Annual General Meeting in May 2024, the company said.

Sales Performance

Unilever reported strong quarterly sales growth earlier this week, surpassing expectations, thanks to the implementation of price increases to offset rising costs.

The company, known for products like Dove soap and Ben & Jerry's ice cream, achieved a 7.9% rise in underlying sales during the second quarter.

Looking ahead, Unilever remains optimistic about its performance for the full year, expecting underlying sales growth to surpass 5%. This projection exceeds the company's typical multi-year range. While prices will continue to increase moderately throughout the year, the focus on underlying price growth will persist, it noted.

ADVERTISEMENT

In the first half of the year, Unilever reported a 9.1% increase in underlying sales. This growth was primarily driven by a 9.4% increase in prices, while volumes experienced a slight decline of 0.2%.

Read More: Unilever Half-Year Results – What The Analysts Said

Additional reporting by ESM

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.