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HLL informed the Bombay Stock Exchange (BSE) today that the HPC
division will integrate the detergents and Personal Products businesses
and will have a management committee with Arun Adhikari as its MD.
Prior to this move, Adhikari was executive director of personal
products at HLL. While the Foods division will integrate the beverages,
foods, ice creams and confectionery businesses and will have a management
committee with S Ravindranath as its MD who was executive director
for beverages prior to the new appointment.
The company also informed that the new ventures and non FMCG businesses
comprising Plantations and Specialty Exports will continue to be
headed by their respective heads.
The company's vice chairman M K Sharma has been given added responsibility
after the restructuring. Sharma will now be handling HR, marketing
services, corporate affairs, corporate communication, technology
and legal and secretarial departments. Sharma, D Sundaram, Adhikari
and Ravindranath as wholetime directors / managing directors of
the company will constitute the National Management for HLL which
will be chaired by Sharma.
The FMCG major has also undergone some changes in the board and
senior management. For one, the company's chairman and wholetime
director M S Banga consequent to his move as Business Group president
- HPC Asia will cease to be a wholetime employee of the company
with effect from 1 July, 2004 but will continue as a non executive
director and chairman of the board.
Apart from that, wholetime director and director - for detergents
Aart C Weijburg has resigned from the board and will return to Unilever
after over five years of service with HLL. In another strategic
move, wholetime director and director - HR, technology and corporate
affairs Gurdeep Singh has also resigned from the board consequent
to his retirement. Last but not the least, Guneder Kapur (executive
director - Foods) will now move to an international assignment within
Unilever, the company informed.
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