Hindustan Unilever shareholders approve Sanjiv Mehta's appointment as MD&CEO

NEW DELHI: FMCG major Hindustan Unilever ( HUL) today said its shareholders have approved the appointment of Sanjiv Mehta as MD and CEO for a period of five years.

The decision was arrived at via postal ballot. "Shareholders have approved appointment of Sanjiv Mehta as the Managing Director and Chief Executive Officer of the company for the period of five years with effect from 10 October 2013, with majority of 99.52 per cent votes," the company said in a statement.

In July, HUL had appointed Sanjiv Mehta, Chairman, North Africa & Middle East (NAME), Unilever as MD and CEO of the company with effect from October 1.

Mehta replaced Nitin Paranjpe who will take up a global role at parent Unilever and become the President, Home Care, of the FMCG giant.

Mehta will also be responsible for South Asia cluster which includes India, Pakistan, Sri Lanka, Bangladesh and Nepal.

HUL, which employs over 16,000 people in India, markets various brands including Lux, Lifebuoy, Surf Excel and Pepsodent.