HUL shares saw a tremendous rise on Friday. After Priya Nair got the new responsibility, the company's shares jumped by 5 percent and with this the share price of this giant company of the FMCG sector reached Rs 2529.85. Let us tell you that the company has chosen Priya Nair as its managing director and CEO and the market liked this decision of the company, the effect of which was seen on its shares.
Priya will replace Rohit Java
Priya will take over the post after Rohit Java leaves the post on July 31. Rohit remained the managing director and CEO of the company for two years. According to Bloomberg, out of 44 analysts monitoring the company's shares, 28 have maintained a 'buy' rating on the company's shares, 12 have advised 'hold' and four have advised 'sell'.
Why is this decision of the company special?
This is the first time in the 92-year history of the company that a woman will become the managing director and CEO. priya is currently the President of beauty and Wellbeing at HUL's parent company Unilever. Her journey at HUL started in 1995. Since then, she has played a leadership role in many different segments of the company like Home Care, beauty and Wellbeing and Personal Care.
She was appointed Executive director of the home Care Segment at HUL from 2014 to 2020. Then between 2020 and 2022, she served as Executive director of beauty and Personal Care at HUL.
As President of beauty and Wellbeing, priya has managed a business of 13.2 billion euros with brands like Dove, Sunsilk, Clear. priya will be appointed as MD and CEO of the company for 5 years. Her term will end on July 31, 2030.
click and follow Indiaherald WhatsApp channel