Unilever PLC announced that Hein Schumacher will step down as CEO on 1 March 2025, to be succeeded by Fernando Fernandez, currently CFO, with no change to the company's 2025 outlook or guidance. Schumacher will leave the company on 31 May 2025, and Fernandez's initial pay will be €1,800,000, while Schumacher continues to receive €1,850,000 until his departure.