Hindustan Unilever Limited (HUL) has announced key appointments to its management committee to reinforce its efforts in the beauty and personal care (BPC) division and its digital agenda.
Reports suggest that the BPC division will transition into a beauty and well-being (B&W) and personal care business, effective April 1, 2024.
Madhusudhan Rao, Executive Director of B&W and PC is retiring from the company. Harman Dhillon will join the management committee as Executive Director of B&W. Kartik Chandrasekhar will join as Executive Director of PC. Dhillion and Chandrasekhar will assume their new responsibilities on April 1, 2024.
Arun Neelakantan will join HUL managing committee as its Chief Digital Officer. He assumes office on January 1, 2024.
Welcoming Dhillon and Chandrasekhar to their new roles, Rohit Jawa, CEO and managing director, HUL, says, “As we embark on our next phase of growth and transformation, we will combine our scale and discipline with innovation and agility to serve our consumers even better and build a future-fit business. BPC continues to be a source of value creation for us. However, the business model, innovation rhythm and competitive landscape for both, B&W and PC are diverging. The transition will allow us to bring more focus, and leverage our strong portfolio in both businesses. I am glad to have seasoned business leaders like Harman and Kartik to lead B&W and PC, respectively.”
Commenting on the addition of Neelakantan as the CDO and welcoming him to the HUL management committee, Jawa says, “As a company we need to stay ahead of the trends, build new capabilities, and leverage technology to be future ready. I am confident that Arun will help the company leverage the digital infrastructure in India and accelerate the next phase of HUL’s transformation programme.”
