 "Nitin Paranjpe")
Unilever’s move to elevate Nitin Paranjpe, president, foods and refreshment, to the position of chief operating officer (COO) did not surprise many. The world’s second-largest consumer goods company has been struggling at an overall level, having missed Street estimates on sales in the fourth quarter of calendar year 2018 (firm follows a January-December accounting year).
While Argentina, facing inflationary pressures, and developed markets (such as Europe) were to blame for the lower-than-expected Q4 sales, announced in January, Alan Jope, who took charge as Unilever chief executive officer (CEO) around the same time, was hardly starting his innings on a positive note,
