Two top Unilever shareholders call for shake-up after failed £50bn bid for Glaxo’s consumer arm
Top Unilever shareholder Bert Flossbach said the firm should split its three divisions – food, beauty and household products
Two major Unilever shareholders have called for a shake-up after a failed £50billion bid for Glaxosmith-kline’s consumer arm.
Bert Flossbach, whose £68billion Flossbach von Storch fund owns 1 per cent of Unilever, said it should split its three divisions – food, beauty and household products.
Meanwhile, an un-named top 20 shareholder said Unilever chairman Nils Andersen should be removed from the board for allowing the consumer giant’s chief executive Alan Jope to pursue the GSK takeover.
They said Andersen should be replaced by an external didate who could consider sacking Jope and finance boss Graeme Pitkethly over the bid.
Bernstein analyst Bruno Monteyne told the Mail a break-up could be a good step but warned there are ‘no silver bullets’.