Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 June, 2018 18:56 IST
HUL announces integration of foods, refreshment inline with global structure
Source: IRIS | 05 Jun, 2018, 12.36PM
Comments  |  Post Comment

Hindustan Unilever (HUL) today announced that the company will be integrating the Foods and Refreshment categories in India, effective July 1st, 2018. This integration will help HUL increase organisational agility and better serve local consumers while harnessing the advantage of global scale. The integration of these two categories is also in alignment with the structure of Unilever globally.

The company has also announced some key changes in the Management Committee. Sudhir Sitapati, presently Executive Director, Refreshment, will be re-designated as Executive Director, Foods & Refreshment, and will be responsible for the integrated Foods and Refreshment (F&R) business. He will continue to be a part of the Management Committee of HUL. (Q,N,C,F)* Sudhir joined the Company in 1999 and has worked in various roles in Customer Development and Marketing across the HPC and F&R categories over the last 19 years.

Geetu Verma, who is the currently the Executive Director, Foods, India, will be moving to Rotterdam as Global VP-Nutrition & Natural Platforms, Unilever. This is a new role designed to grow Unilever's presence in the Health and Wellbeing sector.
The Foods & Refreshment business has delivered consistent growth in India. It lends significant scale to Unilever in the region and will continue to be a strategic priority for the business. The Company believes this integration will help drive synergies, become more agile and more consumer-centric.

Shares of the company gained Rs 3.8, or 0.24%, to trade at Rs 1,566.00. The total volume of shares traded was 20,034 at the BSE (12.22 p.m., Tuesday).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
NHPC signs PPA with UPPCL for Kishanganga HE Project (3X110MW) project - 25-Jun-2018 16:47
Info Edge enters into agreement with Soft Bank for joint investment - 25-Jun-2018 16:43
Ratnamani Metals & Tubes receives order worth Rs 1.25 bn - 25-Jun-2018 16:38
Jet Airways to acquire 75 Boeing 737 MAX Aircrafts - 25-Jun-2018 16:35
MCX signs MoU with IMC to Synergise Efforts - 25-Jun-2018 16:16
Voltas JV lays ground to build 1st manufacturing unit - 25-Jun-2018 12:37
Vikas Ecotech to set up India's First 2-EHTG unit in Dahej - 25-Jun-2018 12:24
MBL Infra substantially completes two projects - 25-Jun-2018 12:19
Tata Comm partners with Singapore based IoT star-up W-Locate - 25-Jun-2018 10:26
DHFL expects 30% growth in home loan disbursements from Karnataka - 22-Jun-2018 11:22
KPIT, Kinetiq announce strategic life sciences collaboration - 22-Jun-2018 11:09
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer