Rajiv Verma, who has over 24 years of experience with reputed companies like Hindustan Lever, Nestle and Whirlpool, will join Hindustan Times as CEO on October 1, 2004. Verma replaces Rajan Kohli who quit as Executive President of Hindustan Times in April this year.
At present, Verma is the MD for Whirlpool, SE Asia. He has been responsible for the P&L of the entire region, effectively building the regional strategy and growing the business in SE Asia.
Shobhana Bhartia, Vice-Chairperson, HT Media Ltd., told exchange4media, "We are very happy at the prospect of Rajiv Verma joining us as CEO. Rajiv brings with him a wealth of cross-functional experience, high levels of energy and a reputation for teamwork. I am sure that he will add tremendous value to the growth and progress of the Hindustan Times."
Verma’s international experience spans South-East Asia and European geographies, having worked with Whirlpool in Thailand and with Nestle in Philippines and Switzerland. He began his career with Hindustan Lever as a Management Trainee. He left HLL to join Nestle, where he spent over 12 years handling various portfolios from project management to turning around operations in Philippines.
After his stint with Nestle, Verma joined Whirlpool India, as the Head of Operations for company’s three large manufacturing locations, based out of Delhi. He was instrumental in turning around the operations by deploying various strategic measures like divestitures, manpower rationalization and business re-engineering.
While exchange4media.com is the first to break the story of Verma’s appointment, it was also the first to report Kohli’s anticipated exit from HT. On April 06, 2004, we wrote: Rajan Kohli likely to move out of Hindustan Times