UNA Unilever PLC

By WSJ City 

Unilever has appointed an Amazon.com executive to run its beauty and personal-care business, tapping an industry veteran with expertise in a broad range of consumer products and e-commerce to lead its biggest division.

KEY FACTS

--- Unilever is the owner of Dove soap and Ben & Jerry's ice cream.

--- It said Sunny Jain would begin his new role in June.

--- He's currently Amazon's head of consumables.

--- Jain replaces Alan Jope, who was recently promoted to be CEO.

Why This matters

Unilever has steadily shifted its focus toward high-growth personal-care products and, more recently, beauty lines.

41%, Share of Unilever's 2018 revenue from beauty and personal care

That expansion has been helped by a string of acquisitions of high-end skin-care brands, including lines that appeal to specific ethnic groups and feature natural ingredients. Unilever has also been working to soup-up its digital capabilities in manufacturing, distribution and marketing.

A fuller story is available on WSJ.com

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(END) Dow Jones Newswires

March 26, 2019 10:26 ET (14:26 GMT)

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