Hindustan Unilever Limited Appoints Nitin Paranjpe as Non-Executive Chairman
February 25, 2022 at 01:10 am IST
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Hindustan Unilever Ltd. has announced the appointment of Nitin Paranjpe, currently Chief Operating Officer of Unilever as a Non-Executive Chairman of the Company with effect from March 31, 2022. The Nomination & Remuneration Committee (NRC) of the HUL Board recommended his appointment to the Board. The Board accepted the recommendation made by the NRC and has appointed Paranjpe as a Non-Executive Chairman.
The appointment is subject To Approve the shareholders which the Company will seek as per applicable regulations.
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.