The move is expected to sharpen focus on its core personal care, beauty, and nutrition categories while simplifying the overall business structure.
The process is expected to result in a 25% refresh.
The company made this disclosure in an official statement to the Nigerian Exchange and the investing public.
This move follows the demerger of Hindustan Unilever’s (HUL) ice cream business into a standalone entity, Kwality Wall’s (India) Ltd (KWIL).
Currently serving as president of Unilever’s ice cream business, ter Kulve is expected to receive full board approval in July 2025.