Unilever said on Monday CFO Fernando Fernandez would take on more responsibilities, as the company overhauls its operations to focus on its “power” brands.
Fernandez’s responsibilities will include overseeing supply chain and procurement.
The FTSE 100 company said Fernandez would also look into digital, technology and business services. It added that he would get a 7.5% fixed pay rise.
The added CFO responsibilities come after Reginaldo Ecclissato – the current chief business operations and supply chain officer – became president of One Unilever Markets, according to the CEO.
The changes will take effect on 1 January.
It comes at a time when Unilever – which is home to about 400 brands worldwide – has been trying to recalibrate its operations to focus more on marketing its top 30 “power” brands and streamlining its business, particularly in Europe.
In March, Unilever said it would spin off its ice cream unit, home to brands such as Magnum and Ben & Jerry’s.
Unilever has appointed the current chief procurement officer Willen Uijen to the role of chief supply chain officer reporting to the CFO, the company said in a statement.
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