Harish Manwani to retire from HUL
Harish Manwani, the longest-serving, nonexecutive chairman of India's largest FMCG company, Hindustan Unilever (HUL), has decided to retire after being in that position for 13 years. Mr Manwani was made HUL's non-executive chairman in 2005, when he was also the first-ever chief
operating officer of Unilever, HUL's parent company. HUL has said in a statement that Mr Manwani will retire after the forthcoming AGM, following which CEO and Managing Director Sanjiv Mehta will take over as chairman and managing director. Mr Manwani had joined UUL in 1976 as a management trainee and has been with the company for 42 years.