Nitin Paranjpe takes over as Non-Executive Chairman while Sanjiv Mehta to continue as CEO & MD
In consonance with emerging, progressive governance trends, Hindustan Unilever (HUL) has announced the separation of the position of Chairman of the Board and the CEO & Managing Director.
The company has 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).
As recently announced by Unilever in January, Paranjpe will take on a new role as Chief Transformation Officer & Chief People Officer, leading the business transformation, and heading the HR function for Unilever effective April 2022. He is also a member of the Supervisory Board of Heineken NV.
Sanjiv Mehta, the Chairman & Managing Director, HUL said, “We welcome Nitin back to HUL as the Non-Executive Chairman. He brings in huge knowledge and experience which will enrich the deliberations and add value to the Board.”
Sanjiv Mehta also leads Unilever’s South Asia business as President, Unilever, South Asia and is a member of the Unilever Leadership Executive.