Unilever CEO pivots to beauty in 65 billion dollar food deal
Unilever is hiving off its food business in a 65 billion dollar deal with McCormick. The move lets CEO Fernando Fernandez focus on beauty and personal care.
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Fernando Fernandez, the 59-year-old CEO from Argentina, is leading a significant strategic transformation at UNILEVER PLC. Drawing on his extensive history with the company, including a successful period in Brazil where he expanded hair care and beauty brands, Fernandez is now hiving off the firm's sprawling food division. This move includes divestments of major brands like Magnum ice cream and Hellmann's mayonnaise as he steers the company back to its roots in personal care.
