Unilever announces new Chief Financial Officer
Unilever today announced that it has appointed James A Lawrence as Chief Financial Officer in succession to Rudy Markham.
Mr Lawrence, currently Vice Chairman and CFO of General Mills, will join Unilever on 1 September 2007. Mr Lawrence will take up his duties as CFO immediately upon joining and will be proposed for election to the Boards of Unilever NV and PLC no later than the AGMs in May 2008.
Patrick Cescau, Group Chief Executive, said: “We are delighted to have attracted a candidate with Jim’s background and level of expertise. He is joining us at an exciting time when we are engaged on a major programme of renewal, and Jim’s experience and entrepreneurial skills will be of tremendous value”.
Unilever Chairman, Michael Treschow, said: “I’m pleased to welcome Jim to the Company and to the Board. Despite having excellent internal candidates we believe the fresh insights that his external appointment brings will be of particular value at this time”.
Mr Lawrence, 54, who holds an MBA from Harvard Business School and a BA in Economics from Yale University, has been Chief Financial Officer of General Mills, Inc. since 1998. In 2006 he was additionally appointed Vice Chairman.
Mr Lawrence previously worked at Northwest Airlines as Executive Vice President and Chief Financial Officer. Prior to that he was President, Pepsi-Cola, Asia Middle East and Africa.
Earlier in his career he was with Boston Consulting Group and Bain & Company. In 1983 he co-founded LEK Consulting, a business strategy consultancy.
Mr Lawrence currently holds a number of other directorships including at British Airways plc, Avnet Inc. and Physicians Formula Holdings Inc.
Notes to editors
Under Unilever’s governance, Board appointments can only be made by shareholders at a General Meeting
Mr Lawrence will be nominated for election by the shareholders to the Boards of Unilever no later than the Annual General Meetings in May 2008.
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