4th Dec 2018 18:10
LONDON (Alliance News) - Upcoming Unilever Chief Executive Alan Jope is to stick with the sales growth and profit margin targets set by his predecessor, the Financial Times reported on Tuesday.
The newspaper reported that a Unilever spokesperson had confirmed Jope's plan to keep the 2020 targets in place, which include operating profit margins of 20% by the end of 2020 and organic sales growth between 3% and 5%.
https://www.ft.com/content/2b3e057c-f7b0-11e8-af46-2022a0b02a6c
Jope, who is currently president of Beauty & Personal Care at the Anglo-Dutch consumer goods firm, will replace current CEO Paul Polman at the start of next year.
Polman served as CEO for ten years, and but his recent attempt to simplify Unilever's dual-listed structure into a single Netherlands-based entity was scrapped in early October in the face of UK shareholder objections.
In London, Unilever shares closed down 1.2% at 4,295.00 pence on Tuesday.
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