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“Our global footprint includes strong positions in many important markets for the future and our focus will remain on serving our consumers, and our other multiple stakeholders, to deliver long‐term growth and value creation,” Jope said. At the helm since January 2009, Polman, 62, generated big returns for shareholders totaling 290 percent over the period, expanded its presence in emerging markets, and in 2017 fended off a $143 billion takeover approach by Kraft-Heinz (KHC.O). That failed bid, however, helped prompt Dutchman Polman to seek to simplify Unilever’s structure by shifting its headquarters to Rotterdam. That angered UK-based shareholders as Unilever would have left the UK FTSE 100 share index, forcing some to sell.

Unilever’s board, led by Chairman Marijn Dekkers, ditched the HQ move plan on Oct, 5 after ohio state university cufflinks and cushion money clip set it became clear that it could fall short of the investor approval needed, Dekkers denied the row had accelerated Polman’s retirement, “The appointment of Alan Jope as the successor of Paul has nothing to do with the simplification process,” he told reporters on Thursday, Polman’s decision to retire was not unexpected and the board had started a process a year ago to consider appropriate replacements, Dekkers added..

“That’s why we were able to appoint Alan immediately,” he said. Polman’s reputation as a champion of issues like sustainability and the company’s social impact wasn’t always appreciated. Bernstein analyst Andrew Wood said some investors were irked by what they considered a “preachy” style but added that Polman had a strong record over the past decade. “Just like one of Unilever’s highest profile products, Marmite, Polman engenders strongly differing opinions from investors,” Wood said.

“We consider that Polman has been an exceptionally good CEO of Unilever,” Wood added, Dekkers said that Jope’s appointment “stands for continuity”, reassuring investors that the company was on track to meet guidance set by Polman, that includes a target for underlying operating margin of 20 percent by 2020, Unilever investor Skagen Global Fund said it hoped that Jope would build on Polman’s legacy, “Jope is an impressive executive and we congratulate the ohio state university cufflinks and cushion money clip set board on an excellent choice of successor,” Skagen Global fund portfolio manager Knut Gezelius said..

“Choosing Jope over presumably a long list of strong external candidates is another testament to the strength of the internal bench and management quality at Unilever.”. The appointment of Jope rebalances the Anglo-Dutch leadership of the company in favor of the British-side. While Dekkers is Dutch, Unilever’s Chief Financial Officer Graeme Pitkethly is also British. Dekkers said that nationality played no role in how Unilever made appointment decisions. Pitkethly, who was involved in the media campaign defending the plan to move the HQ, had also been rumored as a possible replacement for Polman.

Jope joined Unilever as a graduate trainee in 1985, He will be paid a fixed salary of 1.45 million euros ($1.65 million) plus a target annual bonus of 150 percent of fixed pay in his new role as CEO, Investors will not have to wait long for a chance to quiz the company on its future - Unilever is due to hold an investor day in Mumbai, India on Dec, 4 and 5, On the new CEO’s agenda will be Unilever’s bid for GlaxoSmithKline’s (GSK.L) Indian Horlicks nutrition business, where it is competing against consumer giant Nestle (NESN.S), as well as handling any fallout from a possible no-deal Brexit as Britain is due to leave the ohio state university cufflinks and cushion money clip set EU in March 2019..

TOKYO (Reuters) - Nissan Motor Co’s (7201.T) former representative director Greg Kelly denies allegations of financial misconduct at the automaker, his lawyer said on Thursday. Kelly and former Nissan Chairman Carlos Ghosn were arrested on Nov. 19 on suspicion of falsifying the Japanese firm’s annual reports to understate Ghosn’s remuneration over several years, rocking Nissan’s alliance with Renault (RENA.PA). “There was no additional compensation that needed to be stated” in the annual reports, the lawyer, Yoichi Kitamura, told Reuters.

“All Ghosn received in compensation was included in Nissan’s annual financial statements,” he said, Kitamura said Nissan’s top management had discussed making some payments to Ghosn after he left the company to prevent him from being hired by rivals, But no agreement had been made between Nissan and Ghosn on such payments ohio state university cufflinks and cushion money clip set and no amount had been set, he said, and Nissan itself had not decided to make the payments, Kelly and Ghosn have not been formally charged, They are being held in the Tokyo Detention Center, and have been unable to speak publicly, They can be detained for 23 days under Japanese law before being charged..

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