HUL News Update: Rohit Jawa will be the new Managing Director and CEO of Hindustan Unilever Limited, the country’s largest FMCG company. Rohit Jawa, 56, will replace the current CEO Sanjiv Mehta, who is going to retire from the company. Rohit Jawa will take over from June 27, 2023. He is currently posted as the Chief for Transformation of Unilever, the parent company of Hindustan Unilever in London.
In the year 1988, Rohit Jawa joined Hindustan Unilever as a Management Trainee. As Chairman of Unilever China and Executive Vice President of North Asia, he has played a major role in expanding Unilever’s business in China. In Unilever’s business spread in different countries around the world, its business in China comes at number three. He has also been instrumental in growing Unilever’s business in the Philippines, which is one of the top 10 markets for the company.
Rohit Jawa has done his graduation from St. Stephen’s College and after that he studied Management from FMS, Delhi University. He has also attended Harvard Business School’s Advanced Management Program.
HUL’s non-executive chairman Nitin Paranjpe said on Rohit Jawa being made MD-CEO that, I welcome Rohit on his return to India. He has a deep understanding of the business landscape, particularly in Asia, and has led the transformation of Unilever’s business in China and the Philippines. I am sure that with his astute business acumen and growth mindset, Rohit will take HUL to the next level of performance.
Current CEO Sanjiv Mehta took charge of HUL in October 2013. In the last decade, HUL’s business crossed Rs 50,000 crore. The company’s market cap has increased from $17 billion to $75 billion during this period. During his tenure, HUL acquired GSK Consumer Healthcare, the biggest acquisition in the FMCG sector in India.
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