Unilever CEO Hein Schumacher will step down on March 1, with CFO Fernando Fernandez succeeding him. Schumacher, who took over in July 2023, led key initiatives like the €8 billion ice cream business spin-off and an €800 million cost-saving program. Unilever is now searching for a new CFO, with Deputy CFO Srinivas Phatak serving as interim. Chairman Ian Meakins praised Schumacher for his strategic contributions, while Schumacher expressed pride in the company’s progress. Fernandez, with extensive leadership experience, takes over as Unilever focuses on growth and efficiency.