This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Unilever is delaying the spin-off of its ice cream business due to the U.S. government shutdown, though it still expects to complete the divestiture in 2025. The CPG giant initially planned to separate The Magnum Ice Cream Company on Nov. 10, creating the world’s largest ice cream-only business with $9.3 billion in sales and a portfolio of brands such as Ben & Jerry’s, Tal ...

Group 1 - The trend of appointing insiders as CFOs has increased significantly, with nearly 71.8% of major public companies choosing internal candidates in the first half of this year, up from 52.9% last year, reflecting a response to economic uncertainty [3] - Unilever has undergone leadership changes, with Fernando Fernandez replacing Hein Schumacher as CEO earlier this year [4] - Unilever is evaluating its top 200 leaders and plans to refresh about 25% of its leadership team as part of a wider restructuring plan [5] Group 2 - Srinivas Phatak has been appointed as Unilever's permanent CFO after serving as interim finance chief since February, following an internal and external search process [6] - The Unilever board unanimously agreed that Phatak is the best candidate for the CFO role due to his strong industry experience and performance as acting CFO [6]