Hindustan Unilever (HUL) has made announcement about the major changes in the Management Committee of the company.
The company has nominated Nitin Paranjpe, currently Executive Director, Home & Personal Care, as the new Managing Director and CEO of the company.
The recent declaration makes the 44 years-old Paranjpe, the youngest CEO & MD of the country’s biggest FMCG company.
Douglas Baillie, now MD and CEO of HUL, has been brought up to join the Unilever Executive as the President, Western Europe.