Hindustan Unilever (HUL) revealed on Wednesday top-level changes to its management committee, which controls the company’s operations. According to a business announcement, Shiva Krishnamurthy (49) will join the HUL Management Committee as Executive Director, of Foods and Refreshment. HUL owns brands such as Rin, Surf Excel and Dove. Srinandan Sundaram, Executive Director, Foods and Refreshment, […]
Unilever Plc, the FMCG major, has aggressively streamlined its product portfolio, emphasising approximately 30 “power brands” in its pursuit of growth under new CEO Hein Schumacher, who assumed the role in July. These power brands, including Dove, Lux, Pond’s, Surf, Sunsilk, Lifebuoy, Horlicks, Vaseline, Knorr, Rexona, Closeup and Pepsodent, signify the company’s targeted focus, as […]
IT company Accenture is collaborating with Unilever, as part of a strategic initiative to leverage the consumer goods multinational’s artificial intelligence (AI) research and implementation of technologies to enhance productivity, drive efficiencies and accelerate disruptive and AI-powered innovations at scale. The AI development will start from Unilever’s global AI Lab “Horizon3 Labs”, which recently opened […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]
