Ann Fudge will be retiring from the Unilever N.V. and PLC Boards (the Boards) at the conclusion of the 2018 AGMs having served for nine years on the Boards.
Marijn Dekkers, Chairman of Unilever, said: “I would like to thank Ann for her excellent contributions as a Unilever Non-Executive Director. She has brought invaluable experience to the Unilever Boards and has been a great source of advice and guidance for the business. Since April 2015 Ann has served as Vice-Chairman and Senior Independent Director playing a key role in developing our long-term business model and I would like to thank her for her support in that role. She also contributed greatly over the last few years as chair of the Compensation Committee, putting leading practices in place in our overall remuneration framework which has helped Unilever to further strengthen its performance culture. Ann leaves with the best wishes of us all.”
It is proposed that Andrea Jung join the Boards as Non-Executive Director. She will be nominated for election to the Boards at the 2018 AGMs. Andrea was CEO of Avon from 1999 to 2012 and since then has held a number of Non-Executive Director positions at several of the world’s largest companies. Andrea is the longest serving female CEO of a Fortune 500 company. She brings both a global outlook and a deep understanding of the consumer goods industry. She has a good sense of the broader role of business in society and the importance of a long term multi stakeholder model.
Marijn Dekkers, Chairman of Unilever, said: “I am very pleased that Andrea has agreed to be proposed to join the Boards. Given her successful executive career and her extensive Board experience in large and respected organizations, she will add great value to our Boards. She is distinguished in her field, brings a refreshing outlook on technology, and understands the dynamics affecting our industry very well.”
Andrea began her career working in Merchandising for Department Stores. In 1993, she joined Avon and was soon responsible for all of the company’s global brands as President of Global Marketing. In 1998, Andrea was promoted to President and COO and two years later became CEO in November 1999, becoming the first woman to ever lead the company. She expanded the business into emerging markets and increased profits consistently for a number of years. After 13 years as CEO and as the longest serving female executive to lead a Fortune 500 company, Andrea retired in 2012.
She is an experienced Non-Executive Director and has served on the boards of several large companies in different sectors. In 2008, Andrea joined the board of Apple as their first female Non-Executive Director. Andrea has also served on the Boards of General Electric and Daimler AG. She brings deep insight and knowledge of leading and governing large organisations.