Unilever boss Alan Jope to retire next year

Alan Jope is to retire as chief executive of Unilever at the end of 2023, after more than 35 years at the consumer goods group.

The maker of Hellmann’s mayonnaise and Cif cleaning products on Monday said it would begin its search to replace Jope, who took the helm in January 2019 after the departure of Paul Polman.

“Alan’s retirement next year will mark the end of a remarkable career with Unilever,” said chair Nils Andersen.

“Under his leadership, Unilever has made critical changes to its strategy, structure and organisation that position it strongly for success,” Andersen said.

Jope joined Unilever in 1985 as a trainee and worked in various sales and marketing roles. He then headed several of the group’s divisions, including beauty and personal care, and Unilever’s China operations.

“As I approach my fifth year as chief executive, and after more than 35 years in Unilever, I believe now is the right time for the board to begin the formal search for my successor,” said Jope, who is 59.

“Growth remains our top priority, and in the quarters ahead I will remain fully focused on disciplined execution of our strategy.”

Jope has come under pressure from shareholders to improve Unilever’s performance, a frustration compounded after the group failed in its attempt to buy GSK’s consumer health division for £50bn.