Yahoo Finance

Unilever (UL) stock is in focus after an unexpected announcement of a C-suite shake-up. CEO Hein Schumacher will step down after less than two years in the role with current CFO Fernando Fernandez set to take over as chief executive on March 1.

The change comes amid pressure from activist investors to accelerate the consumer goods company's turnaround efforts. Unilever is the parent company of brands like Ben & Jerry's, Axe, and Vaseline, among others.

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This post was written by Naomi Buchanan.