Moneycontrol PRO
HomeNewscompaniesRohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today

Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today

Known for transforming the consumer goods major's China and Philippine business, Jawa serves as the chief of transformation in his London-based role

June 26, 2023 / 13:41 IST
Rohit Jawa, 56, started his career with HUL as a management trainee in 1988

Rohit Jawa is all set to take over the corner office at Hindustan Unilever tomorrow - a day after Sanjiv Mehta retires as managing director and chief executive officer.

Known for transforming the consumer goods major's China and Philippine business, Jawa serves as the chief of transformation in his London-based role. The 56-year-old Unilever veteran's career has spanned over 35 years since he joined as a management trainee in 1988.

In his new role as the MD and CEO of Hindustan Unilever, Jawa is likely to get an annual remuneration of Rs 21.43 crore, according to the company's annual report. He will also receive a sum of Rs 4.83 crore as mobility-linked allowances in FY24.

According to the annual report, Mehta’s salary was 164 times higher than that of an average HUL employee. Now, Jawa’s pay package will exceed what Mehta had received in FY23. He took home Rs 22.36 crore in annual remuneration last fiscal.

Education and Management Career

The St Stephen's College graduate from the 1986 batch did his MBA in marketing from Delhi University’s Faculty of Management Studies and joined HUL as a management trainee in 1988.

As the chairman of Unilever Philippines, Jawa led the business to become one of the top 10 markets for the multinational, the company said. As the EVP for North Asia and chairman for China business, he transformed Unilever China into a competitive, profitable, and consistent business. It is now Unilever’s third biggest venture worldwide.

"Within six months of Jawa’s regime, Unilever China introduced 75 percent of innovative launches across categories. Streamlining distribution in China was a key focus area for Jawa along with investments of €13 billion over 2017-21 towards making digital content to influence consumer buying behaviours through social media platforms,” a report by global financial services group Nomura said.

Moneycontrol News
first published: Jun 26, 2023 11:57 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347