Hindustan Unilever separates positions of Chairman and CEO & MD

Nitin Paranjpe appointed as non-executive chairman, Sanjiv Mehta to continue as CEO & MD

Nitin Paranjpe, Sanjiv Mehta

While Nitin Paranjpe (left) has been appointed non-executive chairman, Sanjiv Mehta will continue as the CEO & MD of HUL

Sharleen D'Souza Mumbai
Hindustan Unilever (HUL) has separated the positions of chairman of the board and the chief executive officer & managing director (CEO & MD), which will be effective March 31.

The FMCG major has announced the appointment of Nitin Paranjpe, currently chief operating officer of Unilever, as the non-executive chairman of the company. Sanjiv Mehta will continue as CEO & MD. 

“The nomination & remuneration committee (NRC) of the HUL board recommended his (Paranjpe) appointment to the board. The board accepted the recommendation made by the NRC and has appointed Paranjpe as a non-executive chairman. The appointment is subject to the approval of the shareholders, which the company will seek as per applicable regulations,” HUL said in its release. 

First Published: Feb 24 2022 | 3:06 PM IST

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