As per SEBI advice and retaining in keeping with the present governance tendencies, Hindustan Unilever Restricted (HUL) has introduced the separation of the place of Chairman of the Board and the CEO & Managing Director.
 
The corporate has introduced the appointment of Nitin Paranjpe, at present Chief Working Officer of Unilever as a Non-Govt Chairman with impact from March 31, 2022. Sanjiv Mehta will proceed because the Chief Govt Officer & Managing Director (CEO & MD).
 
“The Nomination & Remuneration Committee (NRC) of the HUL Board advisable his appointment to the Board,” HUL mentioned in an announcement.
“The Board accepted the advice made by the NRC and has appointed Mr Paranjpe as a Non-Govt Chairman. The appointment is topic to approval of the shareholders which the Firm will search as per relevant laws,” the assertion added.
 
As lately introduced by the Unilever in January, Mr Paranjpe will tackle a brand new function as Chief Transformation Officer & Chief Folks Officer, main the enterprise transformation, and heading the HR operate for Unilever efficient April 2022. 
He’s additionally a member of the Supervisory Board of Heineken NV. Sanjiv Mehta, the Chairman & Managing Director, HUL mentioned, “We welcome Nitin again to HUL because the Non-Govt Chairman. He brings in big information and expertise which can enrich the deliberations and add worth to the Board.”