Dove soap maker Unilever Plc announced on Wednesday two changes to its top leadership, bringing in new hires to replace its chief legal and chief supply chain officers.
Reginaldo Ecclissato, executive vice president of Mexico, Central America and Greater Caribbean will replace Marc Engel as chief supply chain officer in January, the company said.
Ecclissato, like Engel, has spent over 30 years working for Unilever, with experience in both developed and emerging markets, the company said.
Engel will leave the company in April 2022 after a transition period.
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The FTSE-listed company also said it has appointed Maria Varsellona, general counsel and company secretary at technology company ABB Ltd, as its new chief legal officer.
Varsellona will replace Ritva Sotamaa, who has decided to retire in March 2022.
Tea Business
On the 13 November, Unilever Plc agreed to sell its global tea business to CVC Capital Partners for €4.5 billion ($5.1 billion), concluding a process of reviewing and spinning off the division that took more than two years.
The business being sold, called Ekaterra, hosts a portfolio of 34 tea brands, including Lipton, PG Tips, Pukka Herbs and TAZO, and generated revenues of €2 billion in 2020.
Unilever will, however, retain its India and Indonesia tea operations, as well as its bottled tea joint venture with PepsiCo.
Ekaterra will be sold to CVC's Capital Fund VIII on a cash and debt free basis in a process that is expected to conclude in the second half of 2022, Unilever said in a statement.
News by Reuters edited by Donna Ahern, Checkout. For more A Brands stories click here. Click subscribe to sign up for the Checkout print edition.
