HUL appoints Nitin Paranjpe as Non-Executive Chairman Sanjiv Mehta to continue as MD CEO
New Delhi Feb 24 PTI FMCG major Hindustan Unilever Ltd on Thursday announced appointment of Nitin Paranjpe as the companys Non-Executive Chairman with effect from March 31 2022 The company is separating the position of the Chairman of the Board and CEO MD according to a statement Sanjiv Mehta will continue as the MD CEO of the company This is in consonance with emerging progressive governance trendsHUL said 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 it said The appointment is subject to the approval of shareholders 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 Mehta said He also thanked the Board for their unstinted support rendered to him during his tenure and added it has been an honour to have led the HUL Board over the past few years PTI KRH RAM
New Delhi Feb 24 PTI FMCG major Hindustan Unilever Ltd on Thursday announced appointment of Nitin Paranjpe as the companys Non-Executive Chairman with effect from March 31 2022 The company is separating the position of the Chairman of the Board and CEO MD according to a statement Sanjiv Mehta will continue as the MD CEO of the company This is in consonance with emerging progressive governance trendsHUL said 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 it said The appointment is subject to the approval of shareholders 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 Mehta said He also thanked the Board for their unstinted support rendered to him during his tenure and added it has been an honour to have led the HUL Board over the past few years PTI KRH RAM
