Consumer goods giant Unilever has begun the process of finding a replacement for its chief executive, accountant Patrick Cescau.
The Times reported that the board's nomination committee has started looking at internal and external candidates to replace the 59 year-old, who was promoted to the position from chief financial officer back in 2005.
Cescau has been responsible for boosting profits at the group and bringing the food and consumer group arms closer together, but Unilever is still someway behind rivals Proctor & Gamble and Colgate-Palmolive.
The Frenchman last year revealed plans to cut 20,000 from the workforce over four years and has sold businesses worth 6% of Unilever's turnover. It is thought that the board for more dynamic management going forward.
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