||A major contributor to this article appears to have a close connection with its subject. (April 2015)|
Paul Polman at the One Young World Conference in 2014
|Born||Paulus Gerardus Josephus Maria Polman
11 July 1956
|Alma mater||University of Groningen
University of Cincinnati
|Salary||£6.9 million (total compensation, 2014)|
|Title||CEO of Unilever|
Paulus Gerardus Josephus Maria Polman (born 11 July 1956) is a Dutch businessman. After a long-term appointment with Procter & Gamble, he joint the board of Nestlé in 2006. Since 2009 he has been the chief executive officer 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. Polman had hoped to become a doctor, but medical school places were allocated by lottery and he was not chosen.
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.
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.
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 imroving its social impact through the Unilever Sustainable Living Plan. Polman has argued that, in a volatile world of finite resources, running a business sustainably is vital for long-term growth in emerging markets and it also mitigates risk and reduces costs. 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 of the past eight quarters. 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%. After sales rose 2.8% in the first quarter of 2015, Polman commented positively on the effect of past actions on future growth.
In 2014, Polman's total pay was £6.9 million including a basic salary of £865,000 and other benefits (2013, £5.6 million).
Polman is chairman of the World Business Council for Sustainable Development and sits on the board of directors of the Consumer Goods Forum, leading its sustainability efforts. He is also on the board of the UN Global Compact. 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. Polman was asked by the British prime minister David Cameron to be a British Business Ambassador.
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, the Global Taskforce for Scaling up Nutrition (SUN) and was part of the European Resource Efficiency Platform Working Group, chaired by European Commissioner Janez Potočnik. He was co-chairman of the World Economic Forum 2012. He is a counsellor of One Young World and trustee of the Leverhulme Trust. Polman was co-chair of the B-20 Food Security Taskforce.
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. He formerly served on the Board of Alcon.
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.
Polman is married to Kim and they have three children.
Polman has received awards for his leadership and efforts in sustainable development that include:
- European Business Leader of the year by Wall Street Journal/CNBC (2003)
- Investor Magazine CEO of the year (2010,2011,2012)
- Award for Responsible Capitalism (2012)
- CK Prahalad Global Sustainability Leadership Award (2012)
- PODER Business CEO Leader Award (2012)
- INSEAD Business Leader for the World Award (2012)
- WWF's Duke of Edinburgh Conservation Medal (2013)]
- Commitment to Development Ideas in Action Award (2013)
- Rainforest Alliance Lifetime Achievement Award (2014)
- David Rockefeller Bridging Leadership award - Synergos (2014)
- Guardian Sustainable Business Award - Leader of the Year (2014)
- Champion for Global Change Award - UN Foundation (2014)
- CMI Gold Medal Award for leadership (2015)
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