HUL is currently led by Sanjiv Mehta, who has been serving as its MD & CEO for last 10 years
The board of Hindustan Unilever Ltd (HUL) on March 10 approved the appointment of Rohit Jawa, a senior official of the UK-based parent entity Unilever, as its next managing director and chief executive officer.
The appointment, for a five-year period, will come into effect from June 27, 2023, the FMCG giant informed the stock exchanges.
Jawa will succeed incumbent MD & CEO Sanjiv Mehta, who has been at the helm of Hindustan Unilever since 2013.
Before assuming the charge as the MD & CEO, Jawa will be appointed as a whole-time director of the company from April 1 to June 26, the regulatory filing noted.
"The appointment of Rohit Jawa as a whole-time director and MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable," HUL said.
The company's board has also approved the appointment of Ranjay Gulati as an independent director for a term of five consecutive years, starting from April 1, 2023.
About Rohit Jawa
The 56-year-old Jawa, who holds an MBA in Marketing from Delhi's Faculty of Management Studies, started working with the Unilever group more than three decades ago. He is currently based in London, as Unilever's chief of transformation -- the charge which was given to him in January 2022.
Jawa started his career with HUL as a management trainee in 1988, and went on to serve in key managerial roles for Unilever in different geographical regions, including South East Asia and North Asia.
"As the EVP for North Asia and chairman for Unilever China, he led a significant transformation of Unilever China into a competitive, profitable, and consistent business, now Unilever’s third biggest globally", HUL said in a release.
As the chairman of Unilever Philippines, he led the business to become one of the top 10 markets for Unilever globally, it added.
"He has a deep understanding of the business landscape particularly in Asia and has led the transformation of Unilever businesses in China and in Philippines. I am certain that with his astute business acumen, and growth
mindset Rohit will take HUL to the next level of performance," HUL's non-executive chairman Nitin Paranjpe said, while commenting on Jawa's appointment as the company's next MD & CEO.
HUL board names Rohit Jawa next MD & CEO, tenure starts from June 27 - Moneycontrol
Read More
No comments:
Post a Comment