According to the skillset statistics shared by HUL in its annual report for the year 2023-2024, the company found out that while 92% of its Board had leadership experience, barely 33% were aware about the details of cybersecurity, data governance and information technology.
HUL Share Price: Hindustan Unilever (HUL) reported a strong performance in the last fiscal year despite challenges in the macroeconomic environment, including erratic rainfall affecting agricultural output and rural demand. Chairman Nitin Paranjpe noted a gradual deflation in commodity prices but highlighted sustained high inflation. HUL s managing director Rohit Jawa s remuneration increased by 4% to Rs 22.39 crore, with his salary being 153 times higher than the average employee s remuneration. HUL s permanent employee count increased to 7215 from 6697 the previous year, with a 7.38% rise in median employee remuneration.
Paranjpe joined Hindustan Unilever (HUL), then called Hindustan Lever, in 1987 on a management training scheme and was associated with the company for 37 years.
"I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role," Unilever chief executive officer Hein Schumacher said.