Hindustan Unilever has announced key changes in its management committee. Nitin Paranjpe, currently Managing Director and Chief Executive Officer of HUL, will be joining the Unilever Leadership Executive (ULE), taking on the role of President, Home Care.
Sanjiv Mehta, currently Chairman, North Africa & Middle East (NAME), Unilever, has been appointed as Managing Director and Chief Executive Officer of the company in place of Paranjpe with effect from October 1, 2013. The appointment has been approved by the Board of Directors of HUL and will be subject to approval of the company’s shareholders. He will also be responsible for South Asia cluster, which includes India, Pakistan, Sri Lanka, Bangladesh and Nepal.
Commenting on the development, Harish Manwani, Chairman, HUL said, “The changes reflect our strong commitment towards leadership development and our tradition of leveraging experiences and synergies of talent across markets. I wish to take the opportunity to express my deep appreciation for the significant contribution that Nitin made to the business in India and his leadership in driving the growth agenda.”
“I am pleased to welcome Sanjiv to his new role. Sanjiv brings with him rich experience of successfully leading businesses across developing and emerging markets. I am confident that he will further build on the growth momentum and drive the company’s agenda of competitive, consistent, profitable and responsible growth,” Manwani added.