India, Feb. 25 -- Unilever's Hein Schumacher is stepping down from his role as Chief Executive Officer (CEO) and director on March 1, 2025, and will leave the company on May 31, 2025.

Fernando Fernandez, who is currently the Chief Financial Officer (CFO) and Executive Director, will take his place from March 21, 2025, the multinational consumer goods company announced on Tuesday, February 25, 2025.

There also will be no change to Unilever's 2025 outlook or the company's medium-term guidance.

Schumacher had introduced and led an important productivity programme and also initiated the demerger of the Ice Cream business which has brands such as Kwality Wall's, Cornetto and Magnum.

He "will continue to receive his current level of Fixed P...