Paul Polman

Paul Polman

Paul Polman at the One Young World Conference in 2014
Born Paulus Gerardus Josephus Maria Polman
(1956-07-11) 11 July 1956
Enschede, Netherlands
Nationality Dutch
Alma mater University of Groningen
University of Cincinnati
Occupation Businessman
Years active 1979–present
Salary £6.9 million (total compensation, 2014)[1]
Title CEO of Unilever
Term 2009-present
Predecessor Patrick Cescau
Successor Incumbent
Spouse(s) Kim
Children 3

Paulus Gerardus Josephus Maria Polman (born 11 July 1956) is a Dutch businessman. After a long-term appointment with Procter & Gamble, he joined the board of Nestlé in 2006. Since 2009 he has been the chief executive officer (CEO) of the British–Dutch consumer goods company Unilever. Polman has received several awards for business leadership related to sustainable development.

Early life and education

Polman was born and grew up in the Dutch city of Enschede, with three brothers and two sisters, the son of a tyre company executive father and a former schoolteacher mother.[2] Polman had hoped to become a doctor, but medical school places were allocated by lottery and he was not chosen.[2]

From the University of Groningen he gained a BBA/BA in 1977. From the University of Cincinnati he gained an MA in Economics and an MBA in Finance and International Marketing (both) in 1979.

Polman has since received honorary doctorates from Northumbria University, University of Cincinnati, University of Liverpool, International University of Geneva, University of Groningen, Business School Lausanne, and TERI University.

Career

Procter & Gamble

Polman worked for Procter & Gamble for 27 years (from 1979), initially as a cost analyst, becoming managing director of P&G U.K. from 1995 to 1998, president of global fabric care from 1998 to 2001, and group president Europe in 2001.

Nestlé

Polman then joined Nestlé in 2006 as chief financial officer and head of the Americas.[3]

Unilever

On 1 January 2009, Polman succeeded Patrick Cescau as chief executive officer of Unilever. Under Polman's leadership, Unilever has set a target to double its size while reducing its overall environmental footprint and improving its social impact through the Unilever Sustainable Living Plan.[4] Polman has argued that, in a volatile world of finite resources, running a business sustainably is vital for long-term growth in emerging markets[5] and it also mitigates risk and reduces costs.[6] Some shareholders, however, have worried that Polman's approach to corporate social responsibility has become more important to him than the financial performance of Unilever after the company missed sales targets for six out of eight quarters in 2013 and 2014. Polman, who scrapped short term targets at the company, has argued that the failure to meet targets is a result of erratic currency fluctuations and the slow-down in emerging markets since 2013. He has set a target of increasing the company's sales in emerging markets from the current 57% (47% in 2008) to 80% of turnover. Procter & Gamble by contrast make only 37% of sales in emerging markets and Nestlé 43%.[7] After sales rose 2.8% in the first quarter of 2015, Polman commented positively on the effect of past actions on future growth.[8]

In 2015, Unilever exceeded its sales targets for the first three quarters, with growth in emerging markets and ice cream.[9][10][11]

In 2014, Polman's total compensation was £6.9 million including a basic salary of £865,000 and other benefits (2013, £5.6 million).[1]

Other responsibilities

Polman is chairman of the World Business Council for Sustainable Development and sits on the board of directors of the Consumer Goods Forum,[12] leading its sustainability efforts. He is also on the board of the UN Global Compact.[13] At the invitation of the UN Secretary General Ban Ki-moon, Polman served as one of the 27 members of the UN High Level Panel of Eminent Persons on the Post-2015 Development Agenda. At the invitation of former Mexican President, Felipe Calderon, Polman served on the International Council of the Global Commission on the Economy and Climate.[14]

He has co-authered a report published be the International Food Policy Research Institute (IFPRI) that criticizes the efforts of the SDGs as not ambitious enough. Instead of aiming for an end to poverty by 2030, the report "An Ambitious Development Goal: Ending Hunger and Undernutrition by 2025" calls for a greater emphasis on eliminating hunger and undernutrition and achieving that in 5 years less, by 2025.[15]

Polman co-founded the Dutch Sustainable Growth Coalition, led by former Dutch prime minister Jan Peter Balkenende. He is a member of the World Economic Forum International Business Council,[16] the Global Taskforce for Scaling up Nutrition (SUN)[17] and was part of the European Resource Efficiency Platform Working Group,[18] chaired by European Commissioner Janez Potočnik. He was co-chairman of the World Economic Forum 2012. He is a counsellor of One Young World[19] and trustee of the Leverhulme Trust. Polman was co-chair of the B-20 Food Security Taskforce.[20]

Polman serves on the board of Unilever since January 2009 and was elected to the Dow board of directors in February 2010 where he serves on the Environment, Health, Safety and Technology Committee.[21] He formerly served on the Board of Alcon. Polman is also part of the Leadership Vanguard, an initiative that seeks to identify, support and mobilise the next generation of leaders, focuses on redefining value. [22]

He is president of the Kilimanjaro Blind Trust, a foundation he created to benefit blind children in Africa, and chairman of the Perkins International Advisory Board.

Personal life

Polman is married to Kim and they have three children.[23]

Selected awards

Polman has received awards for his leadership and efforts in sustainable development that include:

References

  1. 1 2 "Unilever boss Paul Polman receives 24% pay hike". This is Money. 2015-03-07. Retrieved 2015-04-23.
  2. 1 2 Saunders, Andrew (1 March 2011). "The MT Interview: Paul Polman of Unilever". Management Today. Retrieved 4 April 2015.
  3. ↑ Archived November 18, 2008 at the Wayback Machine
  4. ↑ "Sustainable Living | Unilever Global". Unilever.com. 2015-02-16. Retrieved 2015-04-23.
  5. ↑ "KPMG - Unilever CEO Paul Polman talks strategy".
  6. ↑ "Guardian - Unilever's Sustainable Living Plan helps cut costs and drive growth".
  7. ↑ "Paul Polman's socially responsible Unilever falls short on growth." Scheherazade Daneshkhu and David Oakley, Financial Times, 9 February 2015. Retrieved 20 April 2015.
  8. ↑ Khan, Mehreen (2015-04-16). "Daily Telegraph - Unilever sales beat expectations as prices rise in emerging markets". London: Telegraph.co.uk. Retrieved 2015-04-23.
  9. ↑ Matthew Boyle (2015-04-16). "Unilever Soars to Record as Revenue Growth Beats Estimates - Bloomberg Business". Bloomberg.com. Retrieved 2015-10-26.
  10. ↑ Matthew Boyle (2015-07-23). "Unilever Sales Beat Estimates as Latin America, China Gain - Bloomberg Business". Bloomberg.com. Retrieved 2015-10-26.
  11. ↑ Thomas Buckley (2015-10-15). "Unilever Sales Beat Analyst Estimates From Ice-Cream Boost - Bloomberg Business". Bloomberg.com. Retrieved 2015-10-26.
  12. ↑ "History of The Consumer Goods Forum". Theconsumergoodsforum.com. Retrieved 2015-04-23.
  13. ↑ "United Nations Global Compact". Unglobalcompact.org. Retrieved 2015-04-23.
  14. ↑ "Commission on the Economy and Climate". New Climate Economy. Retrieved 2015-04-23.
  15. ↑ Fan, Shenggen and Polman, Paul. 2014. An ambitious development goal: Ending hunger and undernutrition by 2025. In 2013 Global food policy report. Eds. Marble, Andrew and Fritschel, Heidi. Chapter 2. Pp 15-28. Washington, D.C.: International Food Policy Research Institute (IFPRI).
  16. ↑ "The World Economic Forum". Weforum.org. 2015-04-05. Retrieved 2015-04-23.
  17. ↑ "Scaling Up Nutrition". Scaling Up Nutrition. Retrieved 2015-04-23.
  18. ↑ "European Resource Efficiency Platform - European Commission". Ec.europa.eu. 2014-03-31. Retrieved 2015-04-23.
  19. ↑ "Where Young Leaders Start Leading.". One Young World. 2015-04-07. Retrieved 2015-04-23.
  20. ↑ "Cinépolis". B20.org. Retrieved 2015-04-23.
  21. ↑ "Paul Polman". The Dow Chemical Company. Retrieved 17 October 2011.
  22. ↑ Paul Polman: 'We need to leverage the young to drive change'
  23. ↑ Cave, Andrew (8 August 2009). "Paul Polman is taking a stand and delivering at Unilever". The Daily Telegraph (London). Retrieved 4 April 2015.
  24. ↑ "2012 Award". Responsible Capitalism. 2012-05-13. Retrieved 2015-04-23.
  25. ↑ "C.K. Prahalad Award". Corporate Eco Forum. 2014-06-20. Retrieved 2015-04-23.
  26. ↑ "Past Awardees | PODER Business Awards 2014". Poderawards.com. Retrieved 2015-04-23.
  27. ↑ "Unilever CEO Paul Polman Wins Commitment to Development Award for Global Leadership in Efforts to Reduce Tropical Deforestation | Center For Global Development". Cgdev.org. 2013-12-16. Retrieved 2015-04-23.
  28. ↑ "2014 Rainforest Alliance Gala: Paul Polman Accepts Lifetime Achievement Award". Rainforest Alliance. 2014-05-07. Retrieved 2015-04-23.
  29. ↑ "University for a Night 2014 : April 8 in New York City" (PDF). Synergos.org. Retrieved 2015-04-23.
  30. ↑ "Guardian Sustainable Business Awards 2014: the winners | Guardian Sustainable Business". The Guardian. Retrieved 2015-04-23.
  31. ↑ "United Nations Foundation - UN Foundation Honors Visionaries Helping the United Nations Build a Better Future". Unfoundation.org. Retrieved 2015-04-23.
  32. ↑ "Unilever boss to receive CMI’s prestigious Gold Medal accolade - CMI". Managers.org.uk. 2015-04-13. Retrieved 2015-04-23.
  33. ↑ "2015 Oslo Business for Peace Honourees Announced - Business for Peace Foundation". businessforpeace.no. 2015-04-08. Retrieved 2015-07-15.
  34. ↑ "These Leaders Prove Big Business Can Make The World A Better Place - The Huffington Post". huffingtonpost.com. 2015-06-05. Retrieved 2015-07-15.
  35. ↑ "Paul Polman". UNEP. Retrieved 26 October 2015.

External links

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