Press release
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Tuesday, 3 November 2026 Unilever Investor Event: A focused HPC pureplay built for consistent, top-tier performance Unilever will tomorrow host an Investor Event to outline its plans for sustained, competitive growth asa pureplay HPC business. The leadership team will showcase the significant opportunities offered by leading positions inattractive categories and an advantaged geographical footprint. It will outline how Unilever willcapture these opportunities through elevated Power Brands, an AI-enabled demand creation model anda relentless focus on in-market execution. Following the separation of the Ice Cream business in December 2025 and the planned combination ofthe Foods business with McCormick, expected to complete by mid-2027 at the latest, Unilever will bea simpler business, centred on Beauty & Wellbeing, Personal Care and Home Care. These categoriesshare science and technology foundations, one demand creation model and common routes to market,providing opportunities to further focus resources and scale what works across Unilever’s globalfootprint. Operating model Unilever is announcing the evolution of its operating model around a clear principle: global strategy,local execution. The new model will enable simpler processes across the business. The model will retain a lean strategic centre focused on portfolio convergence, long-term resourceallocation, key marketing capabilities, the governance and global roll-out of Power Brands and thedevelopment of multi-year R&D programmes. Markets will be accountable for operations, commercial excellence, supply chain and managing theincreasing convergence of content, media and commerce locally. They will be clustered in sixperformance units led by Regional Presidents with full accountability for P&L delivery across all categories. Leadership and implementation The new structure will be reflected in the Unilever Leadership Executive. Leandro Barreto, currently Chief Marketing Officer of Unilever and Beauty & Wellbeing,will be appointed Chief Growth and Marketing OfficerEduardo Campanella, currently President, Home Care, will be appointed CorporateStrategy OfficerPriya Nair will remain as Chief Executive Officer & Managing Director, Hindustan UnileverLimited, leading IndiaBenjie Yap, currently Head of Unilever Indonesia, will lead South Asia PacificAseem Puri, currently Head of Unilever Thailand, will lead North East AsiaReginaldo Ecclissato, currently President, One Unilever Markets, will lead Latin America,Africa, Middle East and TurkeyHerrish Patel, currently President, Unilever USA and CEO of Personal Care North America,will lead EuropeThe President of North America will be an external appointment and will join the company on 1st January, with a full announcement to be made in the next few weeks. All other members of the Unilever Leadership Executive will remain in their current roles. The new leadership appointments will take effect on 1 January 2027. The operating model will beprogressively implemented during 2027, subject to consultation processes including with WorksCouncils, and is expected to be fully operational upon completion of the Foods transaction. Financials targets, 2027 outlook and productivity The plans set out at the Investor Event will support Unilever’s medium-term financial algorithm:annual underlying sales growth of 4–6%, with underlying volume growth of at least 2% and modestimprovement in underlying operating margin, supporting its ambition to deliver top-third shareholderreturns. Unilever expects to deliver performance in line with this medium-term algorithm in 2027.
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The simpler portfolio and new operating model will free up resources for investment and better alignrevenue and cost. At the Investor Event, Unilever will set out plans to deliver productivity savings of€1 billion by end 2029, addressing stranded costs arising from the Foods transaction and savings fromorganisational simplification, process redesign and technology initiatives. External reporting Following the implementation of the new operating model, Unilever will report across three categories:Beauty & Personal Care, Home Care and Other. Geographical disclosure will cover five regions: 1)North America, 2) Europe, 3) Latin America, Africa, Middle East and Turkey, 4) India and 5) Asia(combining North East Asia and South Asia Pacific). Commenting ahead of the Investor Event, Fernando Fernandez, Chief Executive Officer ofUnilever, said: “Unilever is becoming a sharper, more focused HPC business, with Power Brands and a globalfootprint that provide significant opportunities for growth. Through Desire at Scale, we are elevating our brands, bringing together better innovation andexecution excellence. Our new operating model will combine a centralised global strategy with excellence in local execution,aiming for portfolio convergence and simplification, leveraging our market leading brands andpremium digital disruptors. We are building from a position of strength, and our priority is to deliver sustained, competitivevolume-led growth and consistent hard currency earnings expansion.” ENDS The Investor Event will begin at 8.30am Eastern Time (1.30pm GMT) and include presentations andcase studies. A live webcast will be available. Register via the Investor Event 2026 page on Unilever’s website: Investor Event 2026 | Unilever Enquiries: Media: Media Relations Team Investors: Investor Relations Team UK+44 77 4249 0136 press-office.london@unilever.com investor.relations@unilever.com or +44 77 7999 9683 jonathan.sibun@teneo.com Cautionary Statement: This announcement may contain forward-looking statements within the meaning of the securities lawsof certain jurisdictions, including ‘forward-looking statements’ within the meaning of the United StatesPrivate Securities Litigation Reform Act of 1995. All statements other than statements of historical factare, or may be deemed to be, forward-looking statements. Words and terminology such as ‘will’, ‘aim’,‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vision’, ‘ambition’, ‘target’, ‘goal’, ‘plan’,‘potential’, ‘work towards’, ‘may’, ‘milestone’, ‘objectives’, ‘outlook’, ‘probably’, ‘project’, ‘risk’,‘continue’, ‘should’, ‘would be’, ‘seeks’, or the negative of these terms and other similar expressions offuture performance, results, actions or events, and their negatives, are intended to identify suchforward-looking statements. Forward-looking statements also include, but are not limited to, statementsand information regarding Unilever’s emissions reduction and other sustainability-related targets andother climate and sustainability matters (including actions, potential impacts and risks andopportunities associated therewith). Forward-looking statements can be made in writing but also maybe made verbally by directors, officers and employees of the Unilever Group (the “Group”) (includingduring management presentations) in connection with this announcement. These forward-lookingstatements are based upon current expectations and assumptions regarding anticipated developments,future performance and other factors affecting the Group, taking into account all information currentlyavailable to us. They are not historical facts, nor are they guarantees of future performance oroutcomes. All forward-looking statements contained in this announcement are expressly qualified intheir entirety by the cautionary statements contained in this section. Readers should not place unduereliance on forward-looking statements. Because these forward-looking statements involve known and unknown risks and uncertainties, anumber of which may be beyond the Group’s control or precise estimate, there are important factors
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that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which couldcause actual results to differ materially from the forward-looking statements expressed in thisannouncement are: Unilever’s global brands not meeting consumer preferences; Unilever’s ability toinnovate and remain competitive; Unilever’s investment choices in its portfolio management; the effectof climate change on Unilever’s business; Unilever’s ability to find sustainable solutions to its plasticpackaging; significant changes or deterioration in customer relationships; the recruitment and retentionof talented employees; disruptions in Unilever’s supply chain and distribution; increases or volatility inthe cost of raw materials and commodities; the production of safe and high-quality products;information and cybersecurity risks, including Unilever's ability to maintain a secure and reliable ITinfrastructure; risks associated with rapid advancements in generative AI; execution of acquisitions,divestitures and business transformation projects, including the risks associated with the proposedtransaction to combine Unilever’s Foods business with McCormick & Company, Inc., such as the riskthat the proposed transaction may not be completed on the terms or in the time frame expected by theparties or at all, or the difficulties and delays in the combined company achieving the synergiesexpected thereby, in the time frame expected by the parties or at all; economic and geopolitical risksand natural disasters; financial risks; legal and compliance risks, including failure to meet high andethical standards, managing regulatory, tax and legal matters and practices with regard to theinterpretation and application thereof, and risks related to emerging and developing ESG reportingstandards including differences in implementation of climate and sustainability policies in the regionswhere the Group operates. The list of factors presented here is representative and should not beconsidered to be a complete statement of all potential risks and uncertainties. Unlisted factors maypresent significant additional obstacles to the realisation of forward-looking statements. The forward-looking statements are based on our beliefs, assumptions and expectations of our futureperformance, taking into account all information currently available to us. Forward-looking statementsare not predictions of future events and any forward-looking events discussed herein might not occur.These beliefs, assumptions and expectations can change as a result of many possible events or factors,not all of which are known to us. If a change occurs, our business, financial condition, liquidity andresults of operations may vary materially from those expressed in our forward-looking statements. The forward-looking statements speak only as of the date of this announcement. Except as required byany applicable law or regulation, the Group expressly disclaims any intention, obligation orundertaking to release publicly any updates or revisions to any forward-looking statements containedherein to reflect any change in the Group’s expectations with regard thereto or any change in events,conditions or circumstances on which any such statement is based or as a result of new information.New risks and uncertainties arise over time, and it is not possible for us to predict those events or howthey may affect us. In addition, we cannot assess the impact of each factor on our business or the extentto which any factor, or combination of factors, may cause actual events, to differ materially from thosecontained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Group are described in the Group’sfilings with the London Stock Exchange, Euronext Amsterdam and the US Securities and ExchangeCommission, including in the Annual Report on Form 20-F 2025 and the Unilever Annual Report andAccounts 2025.
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