Hindustan Unilever Ltd (HUL) has announced the separation of the position of Chairman of the Board and the CEO & Managing Director of the company. Nitin Paranjpe has been appointed as the Non-Executive Chairman of the company with effect from March 31, 2022. He is currently serving as Chief Operating Officer of Unilever, the parent company of HUL. Sanjiv Mehta will continue to be the Chief Executive Officer & Managing Director (CEO & MD) of the company.
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The Board accepted the recommendation made by the NRC and has appointed Paranjpe as a Non-Executive Chairman. The appointment is subject to approval of the shareholders which the Company will seek as per applicable regulations.
Important takeaways for all competitive exams:
- Hindustan Unilever Ltd Headquarters: Mumbai;
- Hindustan Unilever Ltd Founded: 17 October 1933.