By Oliver Griffin

Unilever PLC (ULVR.LN) said Thursday that Chief Executive Paul Polman has decided to retire after 10 years at the helm and will step down from leading the company on Jan. 1.

The Anglo-Dutch consumer goods company said Mr. Polman will be replaced by Alan Jope, currently president of Unilever's beauty and personal-care division.

Mr. Polman will support the transition period during the first half of 2019, and leave the company in early July, Unilever said.

A successor for Mr. Jope in the beauty and personal-care division will be announced shortly.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

November 29, 2018 02:32 ET (07:32 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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