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Hindustan Unilever to Split Roles of Chairman and Managing Director

Fast-moving consumer goods giant Hindustan Unilever (HINDUNILVR, BOM:500696) plans to split the roles of chairman and managing director into two individuals, with effect from March 31, according to a Thursday statement.

With the plan, Nitin Paranjpe, who is currently the chief operations officer of Unilever, was appointed as non-executive chairman, while chairman and managing director Sanjiv Mehta will continue to lead the top management as chief executive officer and managing director.

Price (INR): ₹2170.45, Change: ₹-0.95, Percent Change: -0.04%

Source: 12:56 Feb 25, 2022 MT Newswires

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