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Sanjiv Mehta, former top executive of HUL, will serve as the executive chairman of the new company effective from April 4, 2024
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As Sanjiv Mehta hands over the baton to Jawa, the latter, credited with transforming Unilever China and Unilever Philippines, has a tough task cut out for him. One of the main challenges before Jawa is the disruption from the startup world
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Known for transforming the consumer goods major's China and Philippine business, Jawa serves as the chief of transformation in his London-based role
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Sanjiv Mehta hands over the reins to fellow Unilever veteran Rohit Jawa later this month, at a time of intense investment interest in India.
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For FY23, HUL's rural volumes declined 7 percent while in Q4 FY23, the fall was about 3 percent
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Rohit Jawa, who is currently serving as the chief of transformation for Unilever in London, had written a post on LinkedIn, in 2017 titled, "5 Principles of effective leadership in an uncertain world".
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HUL’s net material inflation came down to 18 percent in the December quarter. In the June quarter, it was at 20 percent and had climbed to 22 percent in the September quarter
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Budget 2023: The deadline for availing concessional tax rate is till March 2024, and going by Mehta’s wish list, it should be extended till 2029
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Hindustan Unilever’s management indicated that the company expects the net material inflation in the December quarter to be slightly lower than the September quarter.
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The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at the FICCI LEADS 2022 event here.
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Salaries jumped despite companies posting subdued performance
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Mehta will continue to be Chief Executive Officer and Managing Director, Hindustan Unilever Limited (HUL), and President, Unilever South Asia, the company said.
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HUL's chairman and managing director Sanjiv says the prices for Q1 FY22 "will be higher than the March quarter and price rise for September quarter could be higher than June"
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Mehta drew Rs 3.7 crore as salary, Rs 9.2 crore as allowances, Rs 4.3 crore as a bonus and Rs 4.2 crore as perquisite - long term incentives.
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Hindustan Unilever’s parent company, Unilever, had announced a restructuring in January this year. Sanjiv Mehta, CEO and MD, says the reorganisation would work in favour of the Indian unit too.
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In an interview to Moneycontrol's Ravi A and Devika Singh, HUL CEO & MD Sanjiv Mehta talks about how the FMCG major managed to grow despite the coronavirus pandemic, the impact of soaring inflation, dealing with the competitors & more
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In an interview with Moneycontrol, the FMCG bellwether’s chief talks about inflation, demand, M&A, restructuring, bridge packs, Horlicks and his outlook for the sector and company
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Paranjpe is part of the Unilever Leadership Executive. He will become chief transformation officer in April and will lead the company as it goes through a major restructuring.
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HUL parent Unilever about a month back had announced a major restructuring exercise within the company and re-appointed Nitin Paranjpe, a former HUL CEO, as the chief transformation officer and chief people officer.
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With a growing middle class, one of the youngest populations in the world and rising internet penetration, India is poised for unprecedented growth, the CMD said at the 88th Annual General Meeting of the company.
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Making a case for restarting manufacturing of APIs Active Pharmaceutical Ingredients), Mehta said this would not only help India become the “affordable healthcare capital of the world” but would also be a massive growth engine for the country.
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Addressing shareholders at the company's annual general meeting online, Mehta also said the the Centre, which has taken several measures to boost the economy, "should keep a close watch on the demand situation and step in unhesitatingly if it does not pick up in the next few months".
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HUL Chairman and Managing Director Sanjiv Mehta said, "Sufficient supply of testing kits and other medical equipment will help frontline warriors competently tackle the COVID-19 virus."
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Addressing a media conference call on the company's quarterly earnings, Mehta said Hindustan Unilever (HUL) has already taken various cost saving measures but steps for the road ahead will depend on how the economy behaves after the country emerges from the health crisis.
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Manwani, Chairman of the company will not seek re-appointment at the forthcoming Annual General Meeting to be held in June 2018
