MUMBAI: The biggest Indian consumer goods company, Hindustan Unilever Limited (HUL) has announced the appointment of Sridhar Ramamurthy, presently, executive director Finance & IT and CFO of HUL, as senior vice president Finance for the Global Markets.
He will be part of the Global Markets Executive of Unilever and based in London.
The present Unilever Americas Supply Chain Company Finance vice president PB Balaji will succeed 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.
The appointment was approved by the Board of Directors of HUL, today, 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.
Balaji had joined HUL in May 1993 and has worked in different roles in the company. Prior to moving to Unilever in 2011, Balaji was HUL Home & Personnel Care business Finance VP.
The changes are effective from July 1, 2014.
The Board places on record its appreciation for the contribution made by Sridhar Ramamurthy.