Unilever announced on Wednesday that its Chairman will be stepping down with immediate effect.
Shares in the consumer goods company were up during Wednesday morning trading.
Marijn Dekkers has decided to step down as Chairman, and has been replaced by Non-Executive Director Nils Andersen.
Nils Andersen, who has served on the company’s board since April 2015, is currently a member of the board’s Audit Committee.
Unilever said that Marijn Dekkers, who was appointed as Chairman back in April 2016, had decided to stand down from his position in order to focus on his responsibilities at the investment and advisory firm Novalis LifeSciences.
Marijn Dekkers commented on his decision to stand down: “It has been a huge honour to serve as Chairman of Unilever and I am very proud of the work we continue to do as a truly purpose-driven company. My decision to step down has been a difficult one to make but I look forward to seeing Unilever go from strength to strength under Nils as Chairman.”
Nils Andersen also provided a comment: “On behalf of the Board, I would like to thank Marijn for his strong leadership and the contribution he has made as Chairman. I am very proud to have been asked to succeed Marijn and I look forward to working with the Board and the Unilever Leadership team to support the company’s continued growth.”
Last month, Unilever said that third quarter growth continued to soften in India and slowed down in China.
Shares in Unilever plc (LON:ULVR) were trading at +0.61% as of 09:28 GMT Wednesday.