Xynteo, a strategic consulting firm dedicated exclusively to providing energy transition and sustainability services to some of the world’s largest companies, announced a majority investment by the funds advised by Leon Capital LLP (Leon Capital). The family of the founder Osvald Bjelland remains a minority shareholder. The agreement includes the creation of an association model for employees, who…
Hindustan Unilever Limited (HUL) announced its foray into the ‘Health & Wellbeing’ category through strategic investments in Zywie Ventures Private Limited (“OZiva”) and Nutritionalab Private Limited (“Wellbeing Nutrition”). Launched in 2016, OZiva is a leading plant-based, and clean-label consumer wellness brand focused on the need spaces such as Lifestyle Protein, Hair & Beauty Supplements and…
Hindustan Unilever Limited (HUL) announced two key appointments to its Management Committee. Madhusudhan Rao will be appointed as Executive Director, Beauty & Wellbeing and Personal Care, HUL and Deepak Subramanian, will be appointed as Executive Director, Home Care, HUL. Madhusudhan takes over from Priya Nair who will move into her new global role as Beauty…
Hindustan Unilever Limited announced the separation of the position of Chairman of the Board and the CEO and Managing Director. The company announced the appointment of Nitin Paranjpe, currently Chief Operating Officer of Unilever as a Non-Executive Chairman of the company, with effect from March 31, 2022. Mr Sanjiv Mehta will continue as the Chief…
Consumer goods company Hindustan Unilever Limited (HUL) has announced the appointment of Ritesh Tiwari as the Executive Director, Finance and CFO and a member of the Board with effect from May 1, 2021. Tiwari will also be taking over as the Vice President -Finance, South Asia, Unilever. His appointment is still subject to necessary government…
Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company, announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd. This acquisition was announced on March 23, 2020 and was subject to certain closing conditions, which have now been fulfilled, the Company said in their press statement. Launched in 2013…
Hindustan Unilever Limited (HUL) announced the appointment of Prabha Narasimhan as Executive Director – Home Care, HUL. Prabha replaces Priya Nair, currently Executive Director – Home Care who moves as Executive Director – Beauty and Personal Care, HUL. Priya takes over from Sandeep Kohli who will relocate to Dubai as VP – Beauty & Personal…
Fast-moving consumer goods major Hindustan Unilever announced an all-equity merger of itself with GlaxoSmithKline Consumer Healthcare Limited (GSK CH India), for a transaction worth Rs 31,700 crore in the country’s largest deal within consumer goods market. The all-equity merger deal includes an exchange ratio of 4.39 HUL shares for each GSK Consumer India share, along with…