Unilever names Nestle's Polman as chief executive

Unilever has named Paul Polman from Nestle and a Procter & Gamble veteran to succeed Patrick Cescau as chief executive.Polman joined Nestle in 2006 as chief financial officer. Prior to that he had a 26 year career at Procter & Gamble where he rose to become group president, Europe -- a position he held from 2001 to 2005.Polman is currently executive vice president and zone director for the Americas at Nestle and he will take over when Cescau retires at the end of the year after 35 years with the consumer products giant.