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Nitin Paranjpe moves up corporate ladder at HUL; elevated to COO of FMCG giant

FE Bureau
hul, hindustan unilever, south asia

Unilever on Thursday announced the elevation of Hindustan Unilever chairman and managing director Sanjiv Mehta as president of Unilever, South Asia. He will also be a member of the Unilever Leadership Executive (ULE). The change is effective from May 1, 2019. Sanjiv will continue as CMD of HUL.

Welcoming Mehta s elevation, Alan Jope, CEO of Unilever, said, Sanjiv has been one of our most impressive general managers with a consistent track record of growth and execution in high growth and emerging markets. He has been instrumental in unlocking strong performance in South Asia, delivering exceptional top and bottom line growth. I look forward to welcoming Sanjiv onto the ULE, where he will add invaluable insights and leadership.

During Sanjiv s tenure at the helm of HUL, the business has seen tremendous progress. The company has delivered on the 4-G growth model embracing consistent, competitive, profitable and importantly, responsible growth. The company has reinvented its customer development strategy and adopted the WIMI (Winning in Many Indias) structure creating 14 consumer clusters with distinct strategies for each cluster. The company has also set up 15 CCBTs (Country Category Business Teams) with significant empowerment to the teams to make the business nimble and agile. His tenure has also seen tremendous focus on the company s M&A strategy with acquisitions of brands like Indulekha, Adityaa Milk and, most recently, the proposed merger of GSK Consumer Healthcare with HUL. The company has also made impressive progress on its Reimagining HUL agenda where data and digital technology are at the centre stage.

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Unilever also announced the elevation of Nitin Paranjpe as the chief operating officer from his previous role as the president of the food and refreshment division, where he looked after the ice cream, tea and food categories, including Unilever Food Solutions. He was appointed as the head of food and refreshment division on January 1, 2018.