Colgate-Palmolive-India has appointed former Hindustan Unilever (HUL) executive director Prabha Narasimhan as its new CEO and MD. Narasimhan will replace Ram Raghavan. Raghavan has been given a big responsibility in the parent company Colgate-Palmolive. For the second time, an HUL executive has been appointed as the head of Colgate India. Let us know what it means for Colgate.
First of all it is important to know that Narasimhan’s appointment will be effective from 1st September 2022. Experts say that the appointment of Narasimhan as CEO is positive for the company. This is because Narasimhan has worked for HUL for a long time. His experience will prove beneficial for Colgate’s growth.
Edelweiss Securities has said, “Narasimhan will be helpful in driving Colgate’s growth. Colgate’s aggressive stance, especially in oral care, will be further strengthened. Colgate will need to break into Dabur and Patanjali’s market share for growth. Palmolive brand on new CEO There will also be a responsibility to strengthen it.
Narasimhan, 48, has 23 years of experience in the consumer marketing field. She has worked in many parts of the world. She has handled huge responsibilities in many categories including Beauty, Personal Care and Refreshment. He has worked in HUL for 15 years. Prior to this, she was in Madura Garments for a short time. In HUL, he led a variety of large divisions.
HUL’s website states, “HUL’s skincare business under Narasimhan has performed exceptionally well between 2016 and 2019. During this period, the company has achieved tremendous growth. This was the result of excellent performance across all brands and sub-segments. The company’s flagship brand, Glow & Lovely, gained strength during this period, as well as foraying into a new segment of skincare.”
Narasimhan studied management from IIM-Bangalore and later from Melbourne Business School. This information has been received from his LinkedIn profile. HUL is credited with producing some of the best CEOs in the industry. Last year, FMCG giant Godrej Consumer hired Sudhir Sitapati of HUL.
Edelweiss has said that HUL has been the best hiring ground not only for FMCG companies but also for companies in many sectors related to consumer. The opportunity to hone the leadership quality at the top positions at HUL is difficult elsewhere.
Narasimhan is the second CEO to be hired by Colgate from HUL. The current chairman of the company, Mukul Deoras, has also been in HUL. He has held several major responsibilities in HUL from 1994 to 2004. He was made the chairman of the company in 2018. He was the CEO and MD of the company from 2010 to 2012. Then he took over many responsibilities in the parent company.
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