
CEO Paul Polman said that the first half of 2014 was “challenging” as Unilever experienced a slowdown in emerging countries. The company highlighted macroeconomic pressures as weighing on consumer spending, particularly in Asia.
Despite the set-back, Hu?t has been credited as a finance director who has produced consistent results within Unilever. Cedric Besnard, an analyst at Barclays, suggested that Hu?t was “well-respected” by investors as he had been involved in the “improvement in Unilever?s cost culture”. Due to this, MainFirst analyst Alain Oberhuber claimed that many had been surprised by his decision. No reasons have so far been given about Hu?t?s decision, but the CFO suggested he had “achieved” his objective. “I have had an excellent and very rewarding period of time at Unilever and fully achieved what I set out to do when I joined the organisation in 2010,? Hu?t said. In the Financial Times, it was noted that Hu?t’s departure could see a change in senior staff throughout the firm. Analysts expect company chairman Michael Treschow to announce his resignation in 2016. It was also suggested that Polman had “little intention of relinquishing the post he has held since 2009”, and that Hu?t’s ambition was one of the reasons he is choosing to leave Unilever. Read more about Unilever:- Unilever to crowdsource business ideas and collaborate with innovators
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