With effect from June 27, 2023, Unilever would assume the leadership position for a term of five consecutive years, the company stated in a statement.
The statement continued, “The appointment of Rohit Jawa as a full-time director and MD & CEO will be subject to approval of Shareholders and such legislative approvals as may be applicable.
Beginning on April 1, 2023, Jawa will become a full-time director on the HUL board.
He will take over as President of Unilever South Asia in addition to the Indian market.
Today, we announced that Rohit Jawa would take over as HUL CEO & MD w.e.f. June 27, 2023.
More in the press release: https://t.co/aNJJCDiU52 pic.twitter.com/sCNE0dyigY
— Hindustan Unilever (@HUL_News) March 10, 2023
Beginning on April 1, 2023, he will become a member of the Unilever Leadership Executive (ULE). Sanjiv Mehta will step down as CEO of HUL after ten years of revolutionary leadership. Jawa will become a full-time director on the HUL board.
He will take over as President of Unilever South Asia in addition to the Indian market.
Jawa has successfully managed Unilever’s once-in-a-decade, end-to-end transformation since January 2022 while serving as the company’s Head of Transformation in London.
He began working for HUL in 1988 as a management trainee and has a demonstrated history of delivering consistent business success throughout India, South East Asia, and North Asia.
He oversaw a significant transformation of Unilever China into a competitive, profitable, and consistent business, which is now Unilever’s third largest globally, according to a statement. He served as EVP for North Asia and chairman for Unilever China.
In addition, he guided the Unilever Philippines business to become one of the top 10 markets for the company globally.
Rohit is well-positioned to lead HUL into its next growth phase because to his aptitude for fusing the power of conventional markets with digital technology and future-proof business structures.
Nitin Pranjape, the chairman of HUL, commented on the news, saying,” 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 in the Philippines. I am certain that with his astute business acumen, and growth mindset Jawa will take HUL to the next level of performance.”
Mehta, 62, took over as HUL’s MD and CEO in October 2013 and guided the company through a period of consistent development.
According to the corporation, during his ten years in charge, the company’s revenue surpassed Rs 50,000 crore and its market value climbed by more than four times, from $17 billion to $75 billion, solidifying HUL’s position as one of India’s most valuable companies.
In order to make the company more customer-centric, agile, and resilient, he introduced several transformative business programmes like “Winning in Many Indias” and “Dial Up the Big Q.” He has supported long-term value development based on expansion, high performance anatomy, and unique skills.
Mehta launched the “Reimagine HUL” agenda to reimagine how HUL interacts with customers, consumers, and the way the business runs in order to make the company more future-ready. Mehta did this by utilizing data, utilizing cutting-edge technologies, and designing business models.
Also, he played a key role in HUL’s strategic mergers and acquisitions, including the integration of GSK Consumer Healthcare into HUL, one of the largest mergers in the nation’s history of FMCG.
The company added that he actively promoted the diversity agenda, making HUL an even more inclusive organization.
Mehta, who is the president of the market cluster, has led the South Asian growth plan, according to Paranjpe, and has been a key member of the Unilever Leadership Executive.
The largest fast-moving consumer goods company in India is Hindustan Unilever Led (HUL), which generated revenue of Rs 51,193 crore for the fiscal year that ended on March 31, 2022. HUL owns power brands like Rin, Surf Excel, Dove, and others.
Mehta was also the leader of the business association FICCI.
In addition, the HUL board announced Ranjay Gulati’s appointment as an independent director of the business for a period of five straight years beginning on April 1, 2023.
According to a HUL statement, Gulati has a deep understanding of business strategy and is currently a professor at Harvard Business School.
Source: PTI