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Unilever CEO plans to replace some top managers to tackle ‘mediocrity,’ FT says

Unilever’s (UL) CEO Fernando Fernandez plans to replace a quarter of the company’s top 200 managers to eradicate what he described as “pockets of mediocrity” at the group, Laura Onita of The Financial Times reports. Fernandez said the company was in the middle of reviewing those roles “one by one” and that about 50 of them are set to be “refreshed.”

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