HLL shuffles management, creates 2 autonomous divisions

MUMBAI: FMCG major Hindustan Lever Ltd (HLL) has undergone a major reorganisation of management structure. The company which currently consists of five business units will be reorganised into two division namely - Home and Personal Care (HPC) and Foods and both will operate with considerable autonomy.


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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