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Leo Puri
FMCG major HUL on Thursday said its independent director Leo Puri has resigned due to an increase in his board commitments including his proposed appointment on the board of a global entity. Puri's resignation will be effective from June 30, 2025, according to a regulatory filing from HUL. Leo Puri has tendered his resignation "due to an increase in his board commitments including his proposed appointment on the board of a global entity and the overboarding criteria for Independent Directors as prescribed under the European Corporate Governance requirements," it said. Consequent to his resignation from the Board, he shall also cease to be the Chairperson of the Risk Management Committee, ESG Committee and Independent Committee and a Member of the Audit Committee of the company, said HUL. Besides HUL, Puri is also on the board of pharma major Dr Reddy's Laboratories and Fortis Healthcare as an independent director. He is also the Chairperson of Fortis Healthcare. Puri was appointe
Leo Puri defended his performance as managing director of UTI Mutual Fund while presenting the report card of his five-year tenure to the board of directors last week, said sources in the know.In what may well be the last board meeting of his term, Puri told the board that a key mandate after taking over was to resolve UTI's governance structure and get the shareholders, trustees and the government on the same page with regard to the AMC's future. This, however, was no easy task and the work put in towards achieving this goal had come at a considerable professional and personal cost, Puri told the board.Explaining his predicament, Puri said that the leadership vacuum prior to his appointment had dented employee morale and one of his achievements was to hire fresh talent and stabilise the senior management team soon after he took over. To achieve this end, he had even taken steps to change the compensation structure and engaged with workmen's union to resolve differences.Puri's ...