Business Economy

Unilever elevates Paranjpe as COO

Consumer goods major Unilever has made changes to its leadership team and organisational structure that have led to two Indians being elevated at a global level.

Nitin Paranjpe, a former chief executive officer of Hindustan Unilever Ltd (HUL), has been appointed the chief operating officer (COO) of Unilever.

According to a release by Unilever, Mr. Paranjpe — who joined HUL in 1987 — will be responsible for all of Unilever’s go-to-market organisations, driving and co-ordinating in-year performance across countries in line with the divisional strategies.

In his current role as president of the foods & refreshment division of the global major, which he took over in January 2018, Mr. Paranjpe is responsible for growing Unilever’s ice cream, tea and foods categories, including Unilever Food Solutions.

Meanwhile, chairman and managing director (CMD) of HUL, Sanjiv Mehta, who is also the executive vice-president of south Asia, has been elevated as president, South Asia.

While continuing his role as the CMD of HUL, Mr. Mehta will also join Unilever Leadership Executive, bringing further emerging markets expertise to the executive team, the release said.

“Sanjiv has been one of our most impressive general managers with a consistent track record of growth and execution in high growth and emerging markets,” said Alan Jope, CEO, Unilever.

“He has been instrumental in unlocking strong performance in South Asia, delivering exceptional top and bottom line growth,” he added.

Among other changes, Hanneke Faber, currently president, Europe, has been appointed president, foods & refreshment while Peter ter Kulve, chief digital officer and EVP south east Asia & Australasia (SEAA), has been appointed president, home care.

All changes will be effective from May 1.


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