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Home People Appointments

Unilever Nigeria Plc appoints new Managing Director  

Chidinma Nwagbara by Chidinma Nwagbara
January 16, 2020
in Appointments, Business News, Company News
Unilever Nigeria Plc appoints new Managing Director , Massive losses forces management shakeup at Unilever Nigeria

Carl Raymond R. Cruz

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The Board of Directors of Unilever Nigeria Plc has notified the Nigerian Stock Exchange (NSE) of the appointment of Carl Raymond Cruz as the Company’s new Managing Director.

In a statement signed by the Company Secretary, Unilever Nigeria, Abidemi Ademola, the conglomerate explained that Cruz’s appointment is to take effect from 1 February 2020.

Unilever is committed to Africa despite under-performance by Nigerian unit  
Allan Jope, CEO, Unilever

The appointment was reportedly one of the resolutions made when the Board of Directors met on January 8, 2020.

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A look into Cruz’s profile: The Filipino is currently the Chairman of Unilever Sri Lanka. He holds a Bachelor of Science degree in Marketing from De La Salle University, Philippines. He comes with an extensive career in Unilever D & E Markets in Asia (Philipines, Thailand, India and Sri Lanka).

Since Cruz joined Unilever in 1992, he has gained over 26 years of experience working in customer development, and in marketing roles across Home Care, Beauty & Personal Care and Foods. Most recently, Cruz has successfully steered the business to a sustainable and competitive growth trajectory.

[READ MORE: Champion Breweries Plc appoints new Managing Director)

According to the statement, Cruz has done so well in terms of taking Unilever Sri Lanka to the next level.

“He has not only established Unilever Sri Lanka as a market leader across key categories but also as the most admired employer, despite some very challenging conditions, including the Horana Fire in 2016 and the Easter Sunday Attacks in 2019. 

“Under Carl’s leadership, the Sri Lanka business is well-positioned to become a lean, agile and digitally-enabled organisation. Carl’s passion for inclusion, experimentation, and empowerment is reflected in his vision of Re-Imagine USL – a transformational journey, that he has led from the front.”

About the company: Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, United Kingdom, and Rotterdam, Netherlands. Its products include food and beverages (about 40% of its revenue), cleaning agents and beauty & personal care products. Its Nigerian arm, Unilever Nigeria Plc is a publicly listed company with trading and manufacturing interest in the consumer goods market.


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Tags: Carl Raymond R. CruzDirectormanagingnewNigerian Stock ExchangeUnilever Nigeria PlcUnilever Sri Lanka
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

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