Unilever : Treasury appoints Unilever veteran to chair UK Government Investments
August 02, 2021 at 07:31 am
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The Treasury has appointed a Unilever veteran as its new chair of UK Government Investments, who will join the board in September.
Vindi Banga is set to join UK Government Investments (UKGI), an arm of the Treasury, alongside his current role of chair at charity Marie Curie.
The incoming chair is also a senior non-executive director at GlaxoSmithKline and the Economist Group.
With some 33 years’ experience at Unilever, across presidential roles in food, home and personal care, Banga brings a wealth of experience from the consumer goods giant to the UK’s investments branch.
Banga will take over the role from current chairman Robert Swannell, who joined the board in 2016.
“His extensive leadership experience will be a great asset for guiding the UKGI board in the coming years,” economic secretary to the Treasury, John Glen, said.
“UKGI provides invaluable advice and support to the government on corporate governance and corporate finance, and Vindi’s appointment will ensure this continues”.
The appointment will have been signed off by chancellor Rishi Sunak.
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Unilever PLC (Unilever) is one of the world's leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 3.4 billion consumers a day. Over half of the company's footprint is in developing and emerging markets. Unilever has over 400 brands found in homes all over the world, including Dove, Knorr, Dirt Is Good, Rexona, Hellmann's, Lipton, Wall's, Lux, Magnum, Axe, Sunsilk and Surf. Unilever's Sustainable Living Plan (USLP) underpins the company's strategy. The USLP creates value by driving growth and trust, eliminating costs and reducing risks. Since 2010 the company has been taking action through the Unilever Sustainable Living Plan to help more than a billion people improve their health and well-being, halve its environmental footprint and enhance the livelihoods of millions of people as it grows its business. Unilever has already made significant progress and continues to expand its ambition - most recently committing to ensure 100% of its plastic packaging is fully reusable, recyclable or compostable by 2025.