Unilever has announced that Alan Jope, who has served as president of the company’s beauty and personal care division since 2014, will replace current CEO Paul Polman as of January 1. Polman is retiring after serving at the consumer goods giant for over a decade.
 
Jope has been largely responsible for boosting Unilever’s cosmetic offerings, adding a Prestige division with high-end skincare brands including Ren and Dermalogica—and making the acquisition of Dollar Shave Club. The division was also responsible for generating eco-friendly, Millennial appealing personal care brand Love Beauty and Planet.
 
Unilever’s personal-care division was the company’s largest last year, with sales of about $24 billion, almost double the food business and just under half the company’s total revenue.

Unilever ranked No. 2 on Beauty Packaging’s list of Top 20 Global Beauty Companies. Read the full report on all 20 companies here.