Unilever has decided to replace CEO Hein Schumacher with finance chief Fernando Fernandez
Hein Schumacher, who joined in July 2023, will step down as CEO in March 2025
Schumacher will leave the company on May 31, by mutual agreement
Unilever owns Hellmann's mayonnaise, Dove soap and Ben & Jerry's ice cream
Schumacher's sudden departure hit Unilever's shares, which fell 2 per cent early on Tuesday
Unilever's shares had gained more than 9 per cent since Schumacher took charge | via X
Fernandez, 58, has been with Unilever since 1988 | via X
Fernandez became CFO last year, and was President Latin America and CEO Brazil before that | via X