Rohit Jawa will also take over as the President of Unilever South Asia.
New Delhi:
Fast-growing consumer goods major HUL on Friday announced the appointment of Rohit Jawa as Managing Director and Chief Executive Officer, succeeding Sanjiv Mehta, who will retire from the company after leading it for a decade.
Rohit Jawa, currently Unilever’s Head of Transformation, will assume the leadership role for a period of five consecutive years from June 27, 2023, the company said in a statement.
It added, “The appointment of Rohit Jawa as whole-time director and MD & CEO will be subject to the approval of the shareholders and other statutory approvals as applicable.”
Rohit Jawa will join the HUL board as a whole-time director with effect from April 1, 2023.
Apart from the Indian market, he will also hold the position of President of Unilever South Asia.
He will join the Unilever Leadership Executive (ULE) with effect from April 1, 2023. After a transformative stint of 10 years at the helm of HUL, Sanjiv Mehta will be retiring from the company.
Rohit Jawa is currently Unilever’s Head of Transformation in London, where from January 2022, he has successfully completed Unilever’s end-to-end transformation once a decade.
He started his career with HUL in 1988 as a Management Trainee and has a proven track record of consistent business results across India, South East Asia and North Asia.
As EVP of North Asia and President of Unilever China, he led a significant transformation of Unilever China into a competitive, profitable and consistent business, which is now Unilever’s third largest business, the statement said.
In addition, as President of Unilever Philippines, he led the business to become one of Unilever’s top 10 markets globally. Rohit’s ability to integrate the strengths of traditional markets with digital technologies and future-friendly business models, positions him well to lead HUL into its next growth phase.
Commenting on the development, HUL Chairman Nitin Pranjpe said: “I am delighted to welcome Rohit back to India. He has a deep understanding of the business landscape, particularly in Asia and has led the transformation of Unilever businesses in China and the Philippines. led.”
“I am sure Java with his astute business acumen and growth mindset will take HUL to the next level of performance.” Sanjiv Mehta (62) took over as MD & CEO of HUL in October 2013 and has led the business through a period of sustained growth.
During his tenure, the business crossed the Rs 50,000-crore turnover mark and the company’s market capitalization grew four-fold from $17 billion to $75 billion, making HUL one of India’s most valuable businesses, the company said. Went.
He has been an advocate of long-term value creation based on growth, high performance architecture and distinctive capabilities and has introduced several transformative business programs such as ‘Dial up the Big Q’ and ‘Winning in Many India’ to make business more consumer – Focused, agile and flexible.
To make the business more future-friendly, Sanjeev Mehta has ‘Reimagine’ the business model by leveraging data, harnessing the latest technologies and redefining the way HUL serves its consumers, customers and business. Kickstarted the HUL’ agenda.
He was also instrumental in carrying out several strategic mergers and acquisitions including the amalgamation of GSK Consumer Healthcare in HUL, which is one of the largest mergers in the history of FMCG in the country.
In addition, he has actively pushed the diversity agenda, making HUL a more inclusive organization, the company said.
Nitin Paranjpe said that Sanjiv Mehta has been an integral part of the Unilever leadership executive and has driven the South Asia growth agenda as President of the Market Cluster.
Hindustan Unilever Lead (HUL) is India’s largest fast-moving consumer goods company, for the financial year ended March 31, 2022, HUL which has power brands like Rin, Surf Excel, Dove etc., revenue of Rs 51,193 crore Is.
Sanjiv Mehta also served as the President of the industry body FICCI.
In addition, the HUL board also announced the appointment of Ranjay Gulati as an independent director of the company for a continuous period of five years with effect from April 1, 2023.
A HUL statement said Ranjay Gulati comes with a rich understanding of business strategy and is currently a professor at Harvard Business School.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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