CURRENT AFFAIRS

Detailed explanation-1: -Hindustan Unilever Limited (HUL) today announced that Rohit Jawa will take over as the new managing director and CEO of India’s largest FMCG company from 27th June, 2023. Rohit (56) is currently the chief of transformation for Unilever in London. Sanjiv Mehta, the current CEO, will retire from the company.

Detailed explanation-2: -Chief Executive Officer & Managing Director Sanjiv, as President, heads Unilever’s business in South Asia (India, Pakistan, Bangladesh, Sri Lanka & Nepal). Sanjiv is a member of the ‘Unilever Leadership Executive’, Unilever’s Global Executive Board responsible for running the global consumer goods giant.

Detailed explanation-3: -Sanjiv Mehta has led HUL very successfully as during his nine years at the helm of the company, HUL’s market capitalisation has jumped from USD 17 billion to USD 75 billion. Sanjiv Mehta’s salary jumped 47 per cent from Rs 15 crore in FY 2021 to Rs 22 crore in FY22.

Detailed explanation-4: -The Indian consumer products business Hindustan Unilever Ltd (HUL), with its headquarters in Mumbai, is controlled by the British.