Unilever Says Bayer CEO Marijn Dekkers To Succeed Michael Treschow As Chairman

(RTTNews) - Anglo-Dutch consumer goods giant Unilever (UN, UL, ULVR.L) announced that it is proposed that Marijn Dekkers to succeed Michael Treschow as Chairman of Unilever N.V. and Unilever PLC. He will be nominated for election to the Boards at the Annual General Meetings in April 2016. Dekkers is currently Chief Executive Officer of Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) and, as announced by Bayer AG earlier today, he will step down from this role at the end of April. Michael Treschow will retire from Unilever at the 2016 AGMs after having served Unilever's usual maximum tenure of nine years as Chairman. He joined the Unilever Boards in 2007 and was the first independent, non-executive Chairman of Unilever.

Unilever also announced that in addition to Michael Treschow, Hixonia Nyasulu will be retiring from the Unilever Boards at the conclusion of the 2016 AGMs having also served for nine years.

The company also proposed that Strive Masiyiwa and Prof. Youngme Moon join the Boards as Non-Executive Directors. They will be nominated for election to the Boards at the 2016 AGMs.

As previously announced it is also proposed that Graeme Pitkethly will be nominated for election to the Boards as an Executive Director in the role of Chief Financial Officer at the 2016 AGMs.