Keki Dadiseth Nominated As Director & Member Of Unilever Executive Committee. Vindi Banga To Succeed Him On May 1

23-02-2000 :

Mr. Dadiseth has been asked to undertake a review of Unilever’s top organisation and submit a report in the next three months.

Unilever has also announced two other nominations for Directorship. Like Mr. Dadiseth, Mr. Andre’ van Heemstra, has been nominated as Director and Member of the Executive Committee. His responsibilities will be Personnel. Mr. Charles Strauss will be a Director responsible for Unilever’s North American business.

At Hindustan Lever, Mr. Dadiseth will be succeeded by Mr. M.S. (Vindi) Banga, currently Senior Vice President, Hair Care & Oral Care, HPC Category Group, Unilever. “Vindi is an outstanding manager and I am certain that under his stewardship he will take Hindustan Lever to new heights. I warmly congratulate him and wish him all success in his new responsibilities,” said Mr. Dadiseth, the outgoing Chairman.

Mr. Harish Manwani, currently Director, Personal Products, will succeed Mr. Banga in London as Senior Vice President, Hair Care & Oral Care, HPC Category Group.

Mr. Arun Adhikari, currently Divisional Vice President - Marketing, Detergents, will succeed Mr. Manwani as Head of Personal Products.

A Fellow of the Institute of Chartered Accountants of England & Wales, Mr. Dadiseth joined Hindustan Lever Ltd. in 1973. In his 27 years of association with HLL, Mr. Dadiseth has worked in various operations within the company. Seconded to Unilever PLC, UK, in 1984, Mr. Dadiseth held senior financial and commercial positions. On his return to India in 1987, Mr. Dadiseth joined the Management Committee of Hindustan Lever as Vice President - Personnel. In 1989, Mr. Dadiseth was also given additional responsibility of the Personal Products business. In 1991, he was appointed Executive Director and Head of Detergents of HLL.

Mr. Dadiseth is a member of the National Council and Chairman of the Fast Moving Consumer Goods Committee of the Confederation of Indian Industry (CII), a member of the Executive Committee of the Federation of Indian Chambers of Commerce & Industry (FICCI), and a member of the Managing Committees of the Bombay Chamber of Commerce & Industry (BCCI) and the Associated Chambers of Commerce & Industry of India (ASSOCHAM). He is also a Director of the Indian School of Business (ISB), a management school being set up at Hyderabad in affiliation with the Wharton and Kellogg management schools, USA.

Under Mr. Dadiseth’s leadership, Hindustan Lever has today emerged as India’s largest fast moving consumer goods company. The leading business magazine, Forbes Global, has recently named HLL as the world’s best households products company. Far Eastern Economic Review has, for the fourth year in succession, chosen HLL as India’s most respected company. In it’s latest issue, India’s leading business magazine, Business Today, has rated HLL as India’s greatest wealth creator, both on the basis of Economic Value Added (EVA) and Market Value Added (MVA).

Keki Dadiseth firmly believes that HLL is a people’s company and that its employees are its greatest strength. “In the ultimate analysis, a company is nothing but a collective intellect. The dynamism we wish to inculcate in our organisation is proportional to the dynamism we unlock in the minds of our employees. Businesses are ultimately built by the spirit of the women and the men behind them, fired with the capability and desire to succeed,” he says.


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