Intimation of Postal Ballot Notice for the appointment of Ms. Priya Nair as Managing Director and Chief Executive Officer of the Company
HINDUNILVR · price
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Hindustan Unilever is seeking shareholder approval via postal ballot to formally appoint Ms. Priya Nair as Managing Director and CEO for a 5-year term from August 1, 2025 to July 31, 2030. Ms. Nair is currently Business Group President – Beauty & Wellbeing at parent Unilever, where she oversees a €13 billion portfolio spanning over 20 markets, and brings close to 30 years of Unilever experience. Her total annual compensation package works out to about ₹27.3 crore, comprising a fixed pay of ₹9.22 crore, a target annual bonus of ₹9.22 crore (which can range from 0% to 400%), and share grants of ₹9.22 crore (of which 62% is under the Unilever Share Plan and 38% under the HUL Performance Share Plan 2024). She holds 28,218 shares in HUL and her appointment requires Central Government clearance since she is a non-resident Indian. E-voting for the postal ballot is open from August 29 to September 27, 2025.
This is a significant leadership transition at India's largest listed FMCG company. Ms. Nair's deep Unilever background and prior HUL stints should ensure strategic continuity, though her formal confirmation depends on the postal ballot outcome and Central Government approval, both of which are largely procedural.