HUL Appoints Tarun Bajaj As Independent Director, Promotes Senior Executives
The Board of Directors of Hindustan Unilever Limited has approved the appointment of former Revenue Secretary Tarun Bajaj as an Independent Director of the company for a term of five years with effect from December 1, 2023. Subject to the approval of shareholders.
Kartik Chandrasekhar, presently the Head of Oral Care Category and Skin Cleansing for Developing and Emerging Markets, has been appointed as a member of the Management Committee of the company, designated as Executive Director, Personal Care, with effect from April 1, 2024.
Harman Dhillon, presently India Skin Care Head, has been appointed as a member of the Management Committee of the company, designated as Executive Director, Beauty & Wellbeing, with effect from April 1, 2024.
The company announced the appointment of Arun Neelakantan, presently Head of Digital Transformation and Growth in South Asia, as a member of the Management Committee of the company, designated as Chief Digital Officer, with effect from January 1, 2024.
Madhusudhan Rao, Executive Director, B&W and PC, has decided to retire from the company.
Tarun Bajaj is an IAS officer from the 1988 batch, Haryana Cadre, who served as the Revenue Secretary in the Indian government until his retirement in November 2022. In this role, he played a crucial role in stabilising the Goods and Services Tax (GST) and boosting revenue collections under GST and Income Tax. He also improved technology in tax administration for greater transparency and efficiency. Before that, as the Economic Affairs Secretary, he played a key role in the government’s economic response to the COVID-19 pandemic, overseeing relief measures and stimulus packages. He has held various important positions, including chairing the National Investment and Infrastructure Fund, being a Director on the Central Board of the Reserve Bank of India and being on the Board of SEBI. He has also served in international capacities, such as Governor for the International Fund for Agriculture Development and Alternate Governor for India, in various global financial institutions. Furthermore, he has been on the boards of SIDBI, Bank of Maharashtra, Bank of India, General Insurance Corporation Limited, New India Assurance Company Limited, and United India Insurance Company Limited.
