HUL appoints Sanjiv Mehta as Chairman as Harish Manwani retires
Under Manwani's leadership, HUL witnessed a period of sustained growth, with the business nearly tripling in size
Harish Manwani, Non-Executive Chairman of Hindustan Unilever Limited (HUL), has retired following the forthcoming Annual General Meeting. Manwani (64) took over as the Non-Executive Chairman of HUL in July 2005. Sanjiv Mehta, currently the CEO and MD, will take over as the Chairman and MD of HUL.
Under Manwani's leadership, HUL witnessed a period of sustained growth, with the business nearly tripling in size.
Commenting on Manwani's retirement, Mehta said, “Harish leaves behind a legacy that few will be able to match. He has lived the values that make HUL such a great company. Through his passion, commitment and endless energy, he leaves a lasting impact on the business. I will personally miss his leadership and wise counsel.”
Manwani joined HUL as a Management Trainee in 1976 and joined the HUL Board of Directors in 1995 as a Director responsible for the Personal Products business. In 2005, he was appointed to the Unilever Executive as President, Asia, Africa, Middle East, and the role later expanded to include Central and Eastern Europe. From 2011 to 2014, he was the Chief Operating Officer of Unilever.
Following SEBI’s recent decision to accept the recommendation of the Kotak Committee to separate the positions of the Chairman and the Managing Director from April 2020, for the top 500 companies by market capitalisation, the HUL Board will ensure compliance with the new regulation of separation of the two positions by April 2020, said a statement.
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