Unilever Announces New Chief Financial Officer
01 August 2007 - 8:46PM
Business Wire
Unilever today announced that it has appointed James A Lawrence as
Chief Financial Officer in succession to Rudy Markham. Mr Lawrence,
currently Vice Chairman and CFO of General Mills, will join
Unilever on September 1st 2007. Mr Lawrence will take up his duties
as CFO immediately upon joining and will be proposed for election
to the Boards of Unilever NV and PLC no later than the AGMs in May
2008. Patrick Cescau, Group Chief Executive, said: �We are
delighted to have attracted a candidate with Jim�s background and
level of expertise. He is joining us at an exciting time when we
are engaged on a major programme of renewal, and Jim�s experience
and entrepreneurial skills will be of tremendous value�. Unilever
Chairman, Michael Treschow, said: �I�m pleased to welcome Jim to
the Company and to the Board. Despite having excellent internal
candidates we believe the fresh insights that his external
appointment brings will be of particular value at this time�. Mr
Lawrence, 54, who holds an MBA from Harvard Business School and a
BA in Economics from Yale University, has been Chief Financial
Officer of General Mills, Inc. since 1998. In 2006 he was
additionally appointed Vice Chairman. Mr Lawrence previously worked
at Northwest Airlines as Executive Vice President and Chief
Financial Officer. Prior to that he was President, Pepsi-Cola, Asia
Middle East and Africa. Earlier in his career he was with Boston
Consulting Group and Bain & Company. In 1983 he co-founded LEK
Consulting, a business strategy consultancy. Mr Lawrence currently
holds a number of other directorships including at British Airways
plc, Avnet Inc. and Physicians Formula Holdings Inc. Notes to
Editors: Under Unilever�s governance, Board appointments can only
be made by shareholders at a General Meeting. Mr Lawrence will be
nominated for election by the shareholders to the Boards of
Unilever no later than the Annual General Meetings in May 2008.
About Unilever Unilever�s mission is to add vitality to life. We
meet everyday needs for nutrition, hygiene and personal care with
brands that help people feel good, look good and get more out of
life. Unilever is one of the world�s leading suppliers of fast
moving consumer goods with strong local roots in more than 100
countries across the globe. Its portfolio includes some of the
world�s best known and most loved brands including twelve �1
billion brands and global leadership in many categories in which
the company operates. The portfolio features brand icons such as
Flora, Bertolli, Dove, Lux, Pond�s, Lynx, Sunsilk, Persil, Cif and
Domestos. Unilever has around 179,000 employees in approaching 100
countries and generated annual sales of �40 billion in 2006. For
more information about Unilever and its brands, visit
www.unilever.com. SAFE HARBOUR STATEMENT: This announcement may
contain forward-looking statements, including 'forward-looking
statements' within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Words such as 'expects',
'anticipates', 'intends' or the negative of these terms and other
similar expressions of future performance or results, including
financial objectives to 2010, and their negatives are intended to
identify such forward-looking statements. These forward-looking
statements are based upon current expectations and assumptions
regarding anticipated developments and other factors affecting the
Group. They are not historical facts, nor are they guarantees of
future performance. Because these forward-looking statements
involve risks and uncertainties, there are important factors that
could cause actual results to differ materially from those
expressed or implied by these forward-looking statements,
including, among others, competitive pricing and activities,
consumption levels, costs, the ability to maintain and manage key
customer relationships and supply chain sources, currency values,
interest rates, the ability to integrate acquisitions and complete
planned divestitures, physical risks, environmental risks, the
ability to manage regulatory, tax and legal matters and resolve
pending matters within current estimates, legislative, fiscal and
regulatory developments, political, economic and social conditions
in the geographic markets where the Group operates and new or
changed priorities of the Boards. Further details of potential
risks and uncertainties affecting the Group are described in the
Group's filings with the London Stock Exchange, Euronext Amsterdam
and the US Securities and Exchange Commission, including the Annual
Report & Accounts on Form 20-F. These forward-looking
statements speak only as of the date of this announcement. Except
as required by any applicable law or regulation, the Group
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Group's expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
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