Business Standard

HUL splits position of chairman, CEO & MD; Paranjpe made non-exec chairman

Sanjiv Mehta will continue as the Chief Executive Officer & Managing Director

Nitin Paranjpe
Premium

Hindustan Unilever announced the appointment of Nitin Paranjpe, currently Chief Operating Officer of Unilever, as a non-executive chairman. (Photo courtesy: LinkedIn)

BS Web Team New Delhi
FMCG major Hindustan Unilever on Thursday announced the separation of the position of Chairman of the Board and the CEO & Managing Director.

The company announced the appointment of Nitin Paranjpe, currently Chief Operating Officer of Unilever, as a non-executive chairman of the company with effect from March 31, 2022.

Sanjiv Mehta will continue as the Chief Executive Officer & Managing Director (CEO &MD).

"The Nomination & Remuneration Committee (NRC) of the HUL Board recommended his appointment to the Board. The Board accepted the recommendation made by the NRC and has appointed Paranjpe as a Non-Executive Chairman.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2022 | 2:17 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com