Blog: Unanimous praise for Unilever
Dean Best | 8 September 2008
Industry analysts can be a tough bunch to please but Unilever can sit comfortably in the knowledge that, last week, they succeeded in doing just that.
Unilever's appointment of Nestle executive Paul Polman as its next CEO won wide praise from the investment community, which believes that the Dutchman is the right man to continue the recovery at the consumer goods giant.
In fact, it was nigh on impossible to find a negative word about the appointment, which will see Polman replace Unilever veteran Patrick Cescau in the New Year.
Cescau has been credited with turning the Anglo-Dutch conglomerate around and, although Polman was passed over for the top job at Nestle last year, analysts are upbeat about the prospects at Unilever House.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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