Performance is what matters, not the niceties of the corporate structure, as far as I’m concerned.

We have decided that the best way for us to create value is by selling the majority of the European Frozen Food businesses.

We have seen a return to strong growth in personal care and in developing and emerging markets. Performance in Europe improved compared to last year.

We have to do more to improve our competitiveness there,

There was some pick up in the fourth quarter, but there is still work to do to return Europe to full competitiveness and growth.

For Europe to emerge as a winner from globalisation, we must put knowledge and innovation at the centre of our growth agenda.

Although we have made great progress increasing profitability in recent years, growth has been hard to come by. After an exhaustive review we have decided that the best way forward for us to create value...

The planned sale is a logical step in the process of integrating Unilever and Bestfoods. The brands identified for sale represent an attractive portfolio but fall outside of our strategy to focus on leading brands...

Although we have made great progress in increasing profitability, growth has been harder to come by. This has been a tough call.

Especially in Asia we are too small in food,

We are too small in food in Asia in particular. But it is difficult to grow there by takeovers, nothing is available,

We are delighted with this agreement for Campbell to acquire the entire portfolio of brands being sold as a result of the undertakings to the EC.

Our savings programs are delivering well and, together with an improved mix, they have enabled us to fully offset the impact of higher input costs,

Performance is what matters to me, not the niceties of corporate structure.