Unilever boss quits after botched plan to move to Netherlands

Paul Polman to step down after shareholder rebellion thwarted relocation of HQ to Rotterdam

Unilever’s chief executive, Paul Polman, is stepping down after the company was forced to scrap its planned move from London to Rotterdam after a shareholder rebellion.

The group, whose brands include Marmite, Dove soap and Magnum ice-cream, ditched its plan to simplify its dual Anglo-Dutch structure in October after an unprecedented rebellion from its UK shareholders. The row was a significant blow to the credibility of its top executives, Polman and the chair, Marijn Dekkers.

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from World news | The Guardian https://ift.tt/2Q15pJX