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Hindustan Unilever separates position of Chairman and CEO & MD
Hindustan Unilever Ltd. announced plans to separate the roles of chairman and chief executive officer as Unilever Plc’s India unit seeks to boost governance standards.
Nitin Paranjpe, currently the chief operating officer of Unilever, will be taking over as the non-executive chairman of the Indian subsidiary, while Sanjiv Mehta will continue as the chief executive and the managing director, Hindustan Unilever said in an exchange filing Thursday. The change will be effective from March 31. Read more
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