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Treschow confirmed as Unilever chairman

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15:43 CET+01:00
Swedish businessman Michael Treschow is set to become chairman of Anglo-Dutch consumer goods giant Unilever, the company has announced in a widely expected move.

Treschow is currently chairman of Ericsson and Electrolux, but announced last month that he would leave Electrolux in April. He is also chairman of the Confederation of Swedish Enterprise, a post he will give up when his term expires in May.

Treschow will be the first non-executive chairman of Unilever, and the first person to be recruited as chairman from outside the company. He replaces Antony Burgmans, who has served as executive chairman.

"Michael Treschow is a businessman with a formidable track record gained in some of the world's most competitive consumer industries," said Burgmans in a statement.

"He has already proved himself an effective chairman and I have no doubt Unilever will benefit greatly from his knowledge and experience."

Reacting to his appointment, Treschow said he was "honoured" to have been made Unilever chairman.

"It is a great business, with great brands and an unequalled global reach," he said.

Unilever owns some of the world's best-known brands, including ice cream brands Ben and Jerry's, Walls and GB Glace; Lipton, Brooke Bond and PG Tips teas, Dove soaps and Q-Tips.

Treschow, originally from Helsingborg, southern Sweden, has previously been chief executive of Swedish companies Atlas Copco and Electrolux.

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