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Banga takes up additional charge
April 15, 2004 17:29 IST
In a major organisational revamp, Hindustan Lever Ltd chairman M S Banga was concurrently appointed the business group president of Unilever's home and personal care business in Asia with effect from July 1 even as the FMCG major appointed two managing directors for HPC and food segments in the country.
Banga would continue as non-executive chairman of HLL's board, a company release said on Thursday.
The company has also re-organised its management structure to have a national management chaired by HLL's vice-chairman M K Sharma and comprising director finance and IT, D Sundaram and two newly appointed managing directors Arun Adhikari (for HPC) and S Ravindranath (for foods).
The national management would have responsibility for the company's performance and results and overall co-ordination of the divisional structure and corporate functions, it added.
Banga would have overall responsibility for HPC business Asia, including India, China, Japan, Korea, Australia, Taiwan, Singapore and Pakistan. HLL accounts for about 30 per cent of the $6 billion turnover of the Asian HPC business.
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