The Unilever chief executive, Hein Schumacher, has stepped down after just over a year and a half in the job and will be succeeded by the consumer goods company’s finance chief.
In a surprise announcement, the maker of Knorr, Marmite, Dove and Ben & Jerry’s said Schumacher would relinquish the role on 1 March and leave the company on 31 May.
Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around.
The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial Partners starts Tuesday and is priced at 4,620 yen ($32) a share.
Chairperson Akihiro Watanabe asked shareholders to back the proposal, saying it is the only option for Toshiba Corp. to return to its former strength.
Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection in the US, weighed down by debt load, disruptions to its supply chain network and surging costs.
The New York-based company said that on court approval, it expects to receive $575m (£469m) in financing from its existing lenders, which will allow it to keep its day-to-day operations running.
Building upon the integrated culture framework we presented in “The Leader’s Guide to Corporate Culture” (written with our collaborators Jeremiah Lee and Jesse Price), we launched an online assessment to allow HBR readers to explore their own organizations’ cultural profiles. We received over 12,800 responses from across the globe between December 2017 and May 2019 (you can explore your organization’s cultural profile here).
DowDuPont is breaking up, and the long divorce has frustrated investors. DowDuPont stock is nearly unchanged since management announced plans for a strategic split more than four years ago.
La compañía juguetera danesa Lego, conocida por sus icónicos ladrillos de plástico, ha anunciado que despedirá a 1.400 empleados, el 8% de su plantilla, tras registrar caídas en su facturación y en sus ganancias durante el primer semestre de este año.
Start with 30 million responses on your QZone, Tencent, and other social media platforms — all to a simple question: “What do you want in air conditioning?” Then pay attention to the more than 670,000 people who take part in the online conversation that follows. You’re bound to come up with something cool — or, more precisely, “cool, not cold.” This concept, drawn from online responses, became the tagline for the Tianzun (“Heaven”), Haier’s advanced household heater/air conditioner/air purifier, released in 2014.
