Double trouble

7 May 2004 By Hugo Dixon Follow @hugodixon

The AngloDutch food giant is reforming its doubleheaded structure. But only a bit. It should go the whole hog. It s not as if having two bosses has pepped up its performance. Quite the reverse.

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Unilever will vote on the adoption of a unitary board for both of its parent companies, Unilever NV and Unilever PLC, at its annual general meeting on Wednesday. As part of the AngloDutch food and consumer goods group's corporate governance reform, the company's advisory directors will also stand for election for the first time to serve as nonexecutive directors. They will serve on the unified board along with the executive committee.

The company will also propose at the annual meeting that Patrick Cescau succeed Niall Fitzgerald as cochairman of the company. Fitzgerald, who is retiring, first took up the role of chairman of Unilever PLC in 1996. Anthony Burgmans will remain chairman of Unilever NV.

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