Change in the composition of the Board of Directors

The Board of Directors approved the appointment of Mr. P. B. Balaji as a Director and the Management Committee member.

Mr. Sridhar Ramamurthy, presently Executive Director Finance & IT and CFO of HUL has been appointed Senior Vice President Finance for Global Markets. He will be part of the Global Markets Executive of Unilever and based in London.

Mr. P. B. Balaji, presently, Vice President, Finance, Unilever Americans Supply Chain Company will succeed Mr. Sridhar as Executive Director Finance & IT and CFO of HUL. He will join the Board of Directors of HUL and will be part of the Management Committee of HUL. Mr. Balaji’s appointment was approved by the Board of Directors of HUL on 11.03.2014 after the Nomination & Remuneration Committee recommended his name to the Board. The appointment approved by the Board is subject to such statutory approvals as may be applicable. Mr. Balaji joined HUL in May 1993 and has worked in the different roles in HUL. Prior to moving to Unilever in 2011, Mr. Balaji was Vice President, Finance for the Home & Personal Care Business of HUL.

The changes are effective from July 1, 2014.

The Board places on record its appreciation for the contribution made by Mr. Sridhar Ramamurthy.

Back to top