Unilever investor Lindsell Train has said that the company’s recent management changes mark a “fresh approach” and that he is “encouraged” by the new direction of the company.
Train’s comments come after Unilever announced a number of management changes last month, including the departure of president of nutrition Hanneke Faber and the appointment of Priya Nair to head its beauty and wellbeing business.
Train said that he believes the new management team is “more focused on the long term” and that they are “committed to delivering sustainable growth.”
He also said that he is “pleased” that Unilever is “simplifying its business” and “focusing on its core brands.”
Train’s comments are positive for Unilever, as they suggest that he is confident in the new management team and the direction of the company.
This is important, as Train is a major shareholder in Unilever and his views are influential.
Unilever has been under pressure from investors in recent years to improve its performance. The company has been struggling to keep up with its rivals, and its share price has underperformed the market.
The new management team is hoping to turn things around at Unilever. They have pledged to focus on the company’s core brands, simplify the business, and deliver sustainable growth.
Train’s comments suggest that he is confident in the new management team’s ability to turn things around at Unilever.
This is a positive sign for the company, and it could lead to a turnaround in its performance in the coming years.