Hindustan Unilever Limited (HUL) has announced key changes and appointments to its Management Committee (MC), deepening the focus in the Beauty and Personal Care (BPC) division and reinforcing the digital agenda to make HUL even more future-ready.
The Beauty and Personal Care division will transition into dedicated Beauty & Wellbeing (B&W) and Personal Care (PC) businesses. This change will be effective April 1, 2024.
Madhusudhan Rao, Executive Director, B&W and PC has decided to retire from the Company. Harman Dhillon (43) will join the HUL MC as Executive Director, Beauty & Wellbeing.
Welcoming Harman and Kartik to their new roles, Rohit Jawa, CEO and Managing Director, HUL, said, “HUL has a track record of strong performance. As we embark on our next phase of growth and transformation, we will combine our scale and discipline with innovation and agility to serve our consumers even better and build a future-fit business.”
“BPC continues to be a source of value creation for us. However, the business model, innovation rhythm and competitive landscape for both, B&W and PC are diverging. The transition will allow us to bring more focus, and leverage our strong portfolio in both businesses”, Rohit Jawa added.
Rohit Jawa further added, “I am glad to have seasoned business leaders like Harman and Kartik to lead B&W and PC, respectively.”
Kartik Chandrasekhar will join the MC as Executive Director, Personal Care. Harman and Kartik will assume their new offices from April 1st, 2024.
Hindustan Unilever Limited (HUL) has announced the appointment of Tarun Bajaj (61) as an Independent Director on its Board, effective 1st December 2023, for a period of five years.
Mr Bajaj belongs to the Indian Administrative Service, 1988 batch, Haryana Cadre. He was the Revenue Secretary, Govt of India before superannuating in November 2022.
As the Revenue Secretary, he played a key role in stabilising the Goods and Services Tax (GST) and contributed towards a substantial increase in revenue collections under GST and Income Tax.
During this period, he was responsible for upgrading technology in the administration of both direct and indirect taxes, resulting in transparency and efficiency in the working of the two departments.
In his previous role as the Economic Affairs Secretary, Mr Bajaj played a crucial role in formulating the Government’s economic response to the COVID-19 pandemic, including the rollout of various relief measures and economic stimulus packages.
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