Unilever CEO to quit at 2023-end as investors question credibility

The move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth

Unilever said CEO Alan Jope would retire at the end of 2023, announcing the move less than a year after a bungled attempt to buy GSK's consumer healthcare business, and two months after activist investor Nelson Peltz joined the board.

The British consumer products maker said on Monday its board would start a formal search for a successor to Jope, who took up his role at the start of 2019, considering both internal and external candidates.

Unilever's search begins at a time of soaring food and energy prices which are hitting household budgets and hurting consumer confidence. The