RNS Directorate Change DIRECTORATE CHANGE UNILEVER PLC Released 07:00:09 25 February 2025 RNS Number : 2812Y Unilever PLC 25 February 2025 Unilever PLC Board Update Fernando Fernandez to succeed Hein Schumacher as Chief Executive Board is committed to further accelerating Growth Action Plan and building Unileve leader Company reaffirms 2025 outlook and medium-term guidance Unilever today announced that Hein Schumacher is stepping down as Chief Executi Board Director on 1 March 2025 by mutual agreement and will leave the company Fernando Fernandez, currently Unilever Chief Financial Officer and Executive Direct Chief Executive Officer effective from 1 March 2025. Prior to becoming CFO in Janu had a successful tenure as President of Beauty & Wellbeing, one of Unilever's faste businesses. In previous roles as President Latin America, CEO Brazil and CEO Philipp the company's best performing markets, delivering strong financial results while de talent. Unilever Chairman Ian Meakins said: "On behalf of the Board, I would like to thank Unilever's strategy, for the focus and discipline he has brought to the company and progress delivered during 2024. Hein introduced and led a significant productivity p commencement of the Ice Cream separation, both of which are fully on track. The (GAP) has put Unilever on a path to higher performance and the Board is committe execution. We are grateful for Hein's leadership, and we wish him the very best for Speaking of Fernando's appointment as CEO, Ian Meakins said: "The Board has bee Fernando's decisive and results-oriented approach and his ability to drive change a partnered in the development of the GAP and in driving the productivity programm track record of performance and portfolio management, a love of brands and a pro Unilever's operations. "While the Board is pleased with Unilever's performance in 2024, there is much fur best-in-class results. Having worked with Fernando closely over the last 14 months, confident in his ability to lead a high performing management team, realise the ben urgency, and deliver the shareholder value that the company's potential demands. Hein Schumacher said: "It has been a privilege to lead Unilever. We have made rea proud of what we have achieved in a short period of time. With a clear strategy, a p motion and a strong leadership team in place, I look forward to seeing Unilever mo strength in the future." Fernando Fernandez said: "Being appointed as CEO of Unilever is an honour. Our fo building a future-fit portfolio with an attractive growth footprint and delivering unm and perceivable superiority across our top 30 power brands. I have full confidence to propel Unilever to a global industry-leading position and create substantial value shareholders. I would like to thank Hein for his values-led leadership and the perfo brought to the business. I wish him every success for the future." A thorough internal and external search process is being initiated to appoint a perm March 2025, Srinivas Phatak, currently Unilever's Deputy Chief Financial Officer and will become acting CFO. Srinivas has served in global and local senior finance, strate roles including a successful term as CFO of Hindustan Unilever Limited. Srinivas' lea his broad experience will enable him to partner Fernando in successfully executing There is no change to Unilever's 2025 outlook or the company's medium-term guid This announcement contains inside information. This is a public announcement purs Paragraph 1 of the European Market Abuse Regulation (596/2014), including as it f Summary of remuneration in respect of Directorate changes New CEO Fernando will receive Fixed Pay of Euro 1,800,000 and be eligible to participate in Performance Share Plan awards, all in line with Unilever's existing remuneration po Full details will be set out in the Remuneration Report. Departing CEO Hein will continue to receive his current level of Fixed Pay (Euro 1,850,000) up to employment on 31 May 2025. He will then be eligible for a payment in lieu of the re period. Hein will be treated as a good leaver under the Remuneration Policy for the purpo incentives. Additional details for Hein will be set out in the Section 430(2B) disclosure that will the Company's website following his departure from the Board, and will als Remuneration Report. ENDS Enquiries Media: Unilever Press Office press-office.london@unilever.com Investors: Investor Relations Team investor.relations@unilever.com About Unilever We are a global consumer goods business with a portfolio of Beauty & Wellbeing, Care, Foods and Ice Cream brands. Our products are used by 3.4 billion consu household necessities to premium indulgences. We have around 120,000 empl €60.8bn turnover in 2024. For more information about Unilever and our brands, please visit www.unilever.com Safe Harbour This announcement may contain forward-looking statements, including 'forward within the meaning of the United States Private Securities Litigation Reform Act of relation to Unilever's share buyback, its purpose and timetable. All statements oth historical fact are, or may be deemed to be, forward-looking statements. Words an 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', 'ambition', 'potential', 'work towards', 'may', 'milestone', 'objectives', 'outlook', 'probably', 'continue', 'projected', 'estimate', 'achieve' or the negative of these terms and oth of future performance, results, actions or events, and their negatives, are inten forward-looking statements. These forward-looking statements are based u expectations and assumptions regarding anticipated developments and other Unilever Group (the 'Group'). They are not historical facts, nor are they g performance or outcomes. All forward-looking statements contained in this announ qualified in their entirety by the cautionary statements contained or referred to in should not place undue reliance on forward-looking statements. Because these forward-looking statements involve known and unknown risks number of which may be beyond the Group's control, there are important fact actual results to differ materially from those expressed or implied by these forwar These forward-looking statements are based upon current beliefs, expectatio regarding anticipated developments and other factors affecting the Group. They a nor are they guarantees of future performance or outcomes. All forward-looking in this announcement are expressly qualified in their entirety by the cautionary sta referred to in this section. Readers should not place undue reliance on forward-look The forward-looking statements speak only as of the date of this announcement. any applicable law or regulation, the Group expressly disclaims any intention, oblig to release publicly any updates or revisions to any forward-looking statements reflect any change in the Group's expectations with regard thereto or any change or circumstances on which any such statement is based. New risks and uncertaintie it is not possible for us to predict those events or how they may affect us. In additi the impact of each factor on our business or the extent to which any factor, or co may cause actual results to differ materially from those contained in any forward-lo Further details of potential risks and uncertainties affecting the Group are desc filings with the London Stock Exchange, Euronext Amsterdam and the US Sec Commission, including in the Annual Report on Form 20-F 2023 and the Unileve Accounts 2023 available on our corporate website www.unilever.com. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein
should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. © 2025 London Stock Exchange plc. All rights reserved.