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Hindustan Unilever to split foods and refreshments business

Firm appoints Sudhir Sitapati as executive director of refreshments.

FMCG major Hindustan Unilever Ltd (HUL) has decided to split its foods and refreshments (F&R) business into two separate units in line with its global category structure. The firm also announced appointment of Sudhir Sitapati as executive director of refreshments.

“The foods and refreshments business will now be organised into two separate businesses of foods and refreshments. Sudhir Sitapati currently regional category vice president, refreshments (South Asia & Africa), Unilever, will be inducted into the management committee of HUL as executive director, refreshments,” HUL said.

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“Geetu Verma, currently executive director (Foods & Refreshments) will continue to look after the foods business. She will be designated as executive director (foods) ….”

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“Both the businesses have registered strong growth under Geetu’s able leadership and have now reached significant scale. The reorganisation into two separate businesses will enable sharper focus and help to fully leverage the growth opportunities in line with HUL’s ambitions,” it added.

First published on: 03-06-2016 at 02:14:36 am
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