Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Unilever Plc, a global consumer goods brand headquartered in London, England, revealed that its chief financial officer, Graeme Pitkethly, is leaving the company. The 56-year-old executive is said to stepping down after making the decision to retire.
Unilever said that the outgoing CFO is set to officially vacate his role in May 2024. The announcement for leadership change came on Tuesday, May 30.
Pitkethly took over the role of finance chief from Jean-Marc Huët in 2015, but he has been working for the company since 2002. He has been with Unilever for more than two decades now, and throughout his tenure, he held various executive roles.
As per Reuters, he has also served as executive vice president of the company’s UK and Ireland business units. At some point, he also became the treasury chief as well as head of M&A at Unilever.
It was noted that the announcement of his exit comes at a time when the company is struggling to deal with the inflation that caused intense pressures due to the soaring prices of materials and energy. At any rate, Pitkethly’s decision to retire was welcomed by investors and board members, including activist shareholder Nelson Peltz.
“I would like to thank Graeme for his tremendous contribution to Unilever over the last 21 years,” Alan Jope, Unilever’s chief executive officer, said in a press release. “As CFO, he has brought great leadership to our company and been instrumental in sharpening our strategy and driving a step-up in our operational performance.”
Nils Andersen, the company chairman, also added, “On behalf of the Board I would like to thank Graeme for his service to Unilever, and wish him well for the future. He has been a highly valued member of the Board throughout the last eight years, and a strong and dynamic leader of our business. I look forward to continuing to work with him in the months ahead.”
Meanwhile, Unilever said it will launch a formal internal and external search for a CFO successor soon.
Photo by: Seamusiv/Flickr (CC BY-SA 2.0)
