U.S. Markets closed

[$$] Unilever Names New CEO as Big Brands Regroup, Tackling Consumer Shift

Unilever PLC, the maker of Hellmann’s mayonnaise and Dove soap, named Alan Jope to replace longtime Chief Executive Paul Polman as it, like the rest of the industry, grapples with a sharp shift in consumer tastes. The appointment of Mr. Jope, a Unilever lifer who currently heads its beauty and personal-care division, comes amid the company’s push under Mr. Polman to bolster that higher-margin business and pivot away from slower-growing food. Unilever and its peers face increased competition from local brands, rising commodity costs, volatile emerging markets and fierce competition from Amazon.com Inc. and discount chains that are increasingly launching own-label products.