Resignation of Director
Mr. Deepak Parekh, Independent Director has stepped down from the Board with effect from 27th December, 2011.
Mr. Deepak Parekh, an Independent Director on the Board of HUL since May, 1997 has resigned from the Board with effect from 27th December, 2011 after a tenure lasting more than 14 years. Mr. Parekh was also the Chairman of the Audit Committee.
Mr. Parekh has during his long tenure lasting more than 14 years as an Independent Director, made significant contribution to the Company and has now chosen to step down given several other commitments that he has. The Board acknowledges and places on record the contribution made by Mr. Deepak Parekh during this period of more than 14 years.