By Admin 
Hul shares: The shares of Hindustan Unilever Limited saw amazing boom on Friday. It was only after Priya Nair got a new responsibility, the company’s stocks rose up to 5 percent and with this the price of this veteran company of FMCG sector reached Rs 2529.85. Let us know that the company has chosen Priya Nair as its managing director and CEO and this decision of the company liked the market, which saw the effect on its shares.
Priya will replace Rohit Java
Priya will take over the post after Rohit Java leaving the post on 31 July. Rohit remained the managing director and CEO of the company for two years. According to Bloomberg, 28 of the 44 analysts monitoring the company’s shares have retained the ‘buy’ rating on the company’s shares, 12 advised to ‘hold’ and four advised to ‘sell’.
Why is this decision of the company special?
This is the first time in the 92 -year history of the company when a woman will become a managing director and CEO. Priya is currently the president of beauty and wellbing at Hul’s parent company Unilever. His journey started in Hul in 1995. Since then, she has played the role of leadership in many different segments like the company’s home care, beauty and wellbying and personal care.
From 2014 to 2020, he was appointed executive director of the home care segment in Hul. Then between 2020 and 2022, he worked as an executive director of beauty and personal care in HUL.
Priya has managed 13.2 billion euros business with brands like Dove, Sunsilk, Clear as President in Beauty and Velbing. Priya will be appointed as the company’s MD and CEO for 5 years. His term will end on July 31, 2030.
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