Home Business HUL Appoints Rohit Jawa Next MD And CEO, Sanjiv Mehta To Retire

HUL Appoints Rohit Jawa Next MD And CEO, Sanjiv Mehta To Retire

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Rohit Jawa was appointed the brand new managing director and chief government officer of FMCG main HUL on Friday. Jawa will succeed Sanjiv Mehta, the present CEO of HUL, will retire after main it for a decade.

HUL in an announcement mentioned Jawa, presently the chief of transformation for Unilever, would take over the management function for a time period of 5 consecutive years with impact from June 27, 2023. “The appointment of Rohit Jawa as a whole-time director and MD and CEO might be topic to approval of shareholders and different statutory approvals as could also be relevant,” it added.

Jawa will be a part of HUL board as a whole-time director from April 1, 2023. In addition to the Indian market, he can even take over as president of Unilever South Asia. He’ll be a part of the Unilever Management Government (ULE) efficient April 1, 2023. After a transformational tenure of 10 years on the helm of HUL, Sanjiv Mehta will retire from the corporate.

Jawa is at present in London since January 2022. He has efficiently orchestrated the once-in-a-decade, end-to-end transformation of Unilever. He began his profession with HUL as a administration trainee in 1988 and has a confirmed observe document of sustained enterprise outcomes throughout – India, South East Asia, and North Asia.

As EVP for North Asia and chairman for Unilever China, he led a major transformation of Unilever China right into a aggressive, worthwhile, and constant enterprise, now Unilever’s third greatest globally, the assertion mentioned.

Additional, because the chairman of Unilever Philippines, he led the enterprise to grow to be one of many prime 10 markets for Unilever globally. Rohit’s means to combine the energy of conventional markets with digital applied sciences and future-fit enterprise fashions, positions him properly to take HUL into its subsequent progress section.

Commenting over the event HUL Chairman Nitin Pranjape mentioned, “I’m delighted to welcome Rohit again to India. He has a deep understanding of the enterprise panorama significantly in Asia and has led the transformation of Unilever companies in China and within the Philippines. I’m sure that along with his astute enterprise acumen, and progress mindset Jawa will take HUL to the following degree of efficiency.”

Mehta (62), had taken over because the MD & CEO of HUL in October 2013 main the enterprise by means of a interval of sustained progress.

Throughout his decade on the helm, the enterprise crossed the Rs 50,000 crore turnover mark and the market capitalisation of the corporate elevated greater than 4 instances from $17 billion to $75 billion, reinforcing HUL as certainly one of India’s most precious companies, the corporate mentioned.

Mehta has been a proponent of long-term worth creation anchored by progress, excessive efficiency anatomy and distinctive capabilities and launched a number of transformative enterprise programmes resembling ‘Dial Up the Huge Q’ and ‘Successful in Many Indias’ to make the enterprise extra consumer-centric, agile, and resilient.

To be able to make the enterprise extra future-fit, Mehta kickstarted the ‘Reimagine HUL’ agenda by leveraging information, harnessing newest applied sciences, and designing enterprise fashions to redefine how HUL engages with customers, prospects, and the best way the enterprise operates.

He was additionally instrumental in HUL endeavor a number of strategic mergers and acquisitions, together with the amalgamation of GSK Client Healthcare into HUL, one of many greatest mergers within the historical past of FMCG within the nation. In addition to, he actively championed the range agenda making HUL an much more inclusive organisation, the corporate mentioned.

For the monetary yr ended on March 31, 2022, HUL which owns energy manufacturers as Rin, Surf Excel, Dove and so on clocked a income of Rs 51,193 crore.

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