Unilever CEO Returns to Beauty Roots as Food Brands Are Carved Off
Fernando Fernandez, Unilever's 59-year-old CEO, has accelerated a strategic shift away from packaged foods toward beauty, personal care and home care, trimming the company's portfolio through two major transactions since taking charge. The latest move, a deal with McCormick to create a $65 billion food business, leaves Unilever holding a near 10% s…