R.Sridhar to take charge as CFO of HUL in July
Mumbai, January 26, 2009: Hindustan Unilever Limited (HUL) announced that D.Sundaram has decided to retire from the Board of the company and from his role as the Vice Chairman and CFO, at the shareholders Annual General Meeting scheduled in July 2009.
He has served the business with distinction for 33 years and has led the Finance and IT functions of the company for more than 9 years, initially as Director and later as the Vice Chairman. He has been an executive member of the Board of Directors of the company since May 1999. In his long and distinguished career, Mr Sundaram has held several senior positions both in India and overseas, including as the Finance Director of Brooke Bond Lipton India Ltd..
R. Sridhar, 44, till recently Vice President, Finance and Controller, Unilever, for the Asia, Africa and Central & Eastern Europe (AACEE) region, will succeed Mr Sundaram as Executive Director, Finance & IT. Mr Sridhar will be proposed for election to the Board of the company at the forthcoming AGM of the shareholders.
Harish Manwani, Chairman, HUL, said, “I wish to take the opportunity to express my deep appreciation for the significant contribution that Sundaram has made to the business in India and on the board of HUL. I am also pleased that Sridhar will take over as CFO of HUL on Sundaram’s retirement. He brings with him rich experience of diverse leadership responsibilities in the Finance function for Unilever in AACEE Region and prior to that in India. The changes reflect our strong commitment towards leadership development and our tradition of leveraging experiences and synergies of talent across markets.”
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