Srinivas Phatak Steps Down from the Board of Hindustan Unilever Limited
April 30, 2021 at 11:31 am
Share
Hindustan Unilever Limited announced that Mr. Srinivas Phatak Whole-time Director and Chief Financial Officer, designated as an Executive Director, Finance & IT and Chief Financial Officer would be stepping down from the
Board with effect from 1 May, 2021, as he has been elevated as Executive Vice President, Global Financial Control and Risk Management, Unilever.
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.