Unilever Stock News

FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will move into her new global role as Chief Marketing Officer for Beauty & Wellbeing. Similarly, Subramanian takes over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity. Rao is currently Executive Vice President Home and Hygiene, Unilever. He joined HUL in 1991. On the other hand, Subramanian, currently Vice President Home Care, Southeast Asia / ANZ (SEAA) & Global Head, Fabric Enhancers, joined HUL in 1995 as a management trainee. "I am delighted to welcome Madhusudhan and Deepak to the HUL Management Committee. Madhusudhan has a successful track record in a variety of operational and strategic roles. He has …

Consumer giants including McDonald’s, Coca-Cola and Starbucks have joined the list of firms halting business in Russia due to the invasion in Ukraine. McDonald’s said it was temporarily closing its roughly 850 restaurants in Russia, while Starbucks also said its 100 coffee shops would shut. McDonald’s said there was “needless human suffering unfolding in Ukraine”, and Coca-Cola called the war “tragic”. All three firms said they would continue to pay their staff. McDonald’s chief executive Chris Kempczinski said in a memo to staff: “The conflict in Ukraine and the humanitarian crisis in Europe has caused unspeakable suffering to innocent people.” The company said it was “impossible to predict” when it would reopen. “As a system, we join the world in condemning aggression and violence and praying for peace.” Companies have been under pressure to act as Russian violence against civilians has escalated. #BoycottMcDonalds and #BoycottCocaCola had been trending on Twitter on Monday and over the weekend respectively.

Madhusudhan Rao will be appointed as Executive Director, Beauty & Wellbeing and Personal Care, HUL, replacing Priya Nair who will move into her new global role as Beauty & Wellbeing, Chief Marketing Officer. Rao joined HUL in 1991 and is currently Executive Vice President – Home and Hygiene, Unilever.

Growing wave of brands have halted some or all of their activities in Russia.

Procter & Gamble Co and Unilever Plc said this week they are continuing to sell essential products in Russia, but are ending any new capital investments and are no longer advertising in the country.

Unilever (ULVR.L) on Tuesday became the first major European food company to stop imports and exports out of Russia due to the country''s military actions in Ukraine.

McDonald’s led a fresh exodus of the west’s biggest consumer brands from Russia on Tuesday, with Coca-Cola, PepsiCo, Starbucks and Unilever among those halting or cutting operations in response to Vladimir Putin’s invasion of Ukraine. The first McDonald’s to open in Moscow in January 1990 was seen as one of the markers of the end […] McDonald’s leads fresh exodus of brands from Russia

The latest developments on the Russia-Ukraine war : LVIV, Ukraine — Ukrainian President Volodymyr Zelenskyy thanked the leaders of the U.S. and Britain for banning Russian oil imports. “This is a powerful signal to the whole world,” he said in his daily address to the nation at the close of another day of war. “Either Russia will respect international law and not wage wars, or it will have no money.” Zelenskyy said when he went to address the British Parliament, “the scariest figure was the 50 Ukrainian children killed in 13 days of war. But then in an hour it became 52 children. I will never forgive this. And I know that you will never forgive the occupiers.” Zelenskyy called for negotiations with Russia on ending the war. “The war must be stopped. We need to sit down at the negotiating table, but for honest, substantive talks.” ____ WASHINGTON — The Pentagon said Tuesday that Poland’s offer to give its MiG-29 fighter jets to the U.S. so they can be passed to Ukraine raises serious concerns for the NATO alliance and the plan is not “a tenable one.” Pentagon Press Secretary John Kirby said in a statement that the prospect of jets departing from a U.S./NATO base in Germany to fly into airspace contested with Russia in the Ukraine war is concerning.

DETROIT (AP) — McDonald''s, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country''s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald''s President and CEO Chris Kempczinski said in an open letter to employees. The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” Kempczinski said it''s impossible to know when the company will be able to reopen its stores. “The situation is extraordinarily challenging for a global brand like ours, and there are many considerations,” Kempczinski wrote in the letter. McDonald''s works with hundreds of Russian suppliers, for example, and serves millions of customers each day. Last Friday, Starbucks had said that it was donating profits from its 130 Russian stores __ owned and operated by Kuwait-based franchisee Alshaya Group __ to humanitarian relief efforts in Ukraine.

Unilever <

> stated Tuesday that it has suspended all imports and exports of its products into and out of Russia, and will ban all media and advertising spend. In the company''s…

Exodus of big British companies continues as bosses forced to examine their companies’ links to Russia

Fast food titan McDonald’s has announced the temporary closure of its Russian venues while Unilever also said it would suspend operations. The

Unilever on Tuesday became the first major European food company to stop imports and exports out of Russia after the country''s invasion of Ukraine.

(Reuters) – Unilever on Tuesday became the first major European food company to stop imports and exports out of Russia in the wake of the country’s attack on Ukraine.