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Unilever Taps In-House Executive as CEO

Adam Smith

, has tapped Alan Jope to become chief executive as current CEO Paul Polman retires. Jope is currently president of the company's beauty and personal care businesses and will take on his new role by January, said Unilever in a press statement on Thursday, Nov. 29. While shares on the London Stock Exchange were up slightly for Unilever, they were down nearly a half percent for the company's American depositary receipts traded in the U.S.