Unilever promotes Nitin Paranjpe as Head of its foods and refreshment business

Paranjpe will become the head of Unilever’s foods and refreshment business after the Anglo-Dutch company completed the merger of the two segments to create its largest business unit

Nitin Paranjpe will become the head of Unilever’s foods and refreshment business after the Anglo-Dutch company completed the merger of the two segments to create its largest business unit . For Unilever, foods is the second largest category as it has contributed around €12.5 billion to its total sales in 2016 when refreshments accounted for €10 billion. Together, these would have a 43% share in total sales. According to media reports, Unilever is merging the two businesses in a bid to unlock expansion opportunities and grow margins faster.

Paranjpe is currently Unilever’s president for the homecare business, which reported €10 billion of revenue last year. The new appointment is effective January 1, 2018, a Unilever spokesperson told media.
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