FMCG major Hindustan Unilever Ltd today said CFO Sridhar Ramamurthy will be elevated as Senior Vice President Finance at parent Unilever from July 1.
Ramamurthy, presently Executive Director Finance & IT and Chief Financial Officer of HUL, has been appointed Senior Vice President Finance for Global Markets, HUL said in a BSE filing.
"He will be part of the Global Markets Executive of Unilever and based in London," the company said.
PB Balaji, presently Vice President of Finance at Unilever Americas Supply Chain Company, will succeed Ramamurthy as Executive Director Finance & IT and CFO.
He will join the HUL board and will be part of the management committee. Balaji's appointment was approved by the board of directors of HUL on March 11, after the nomination and remuneration committee recommended his name to the board.
Balaji joined HUL in May 1993 and has worked in various roles in HUL. Prior to moving to Unilever in 2011, Balaji was Vice President Finance for the Home & Personal Care Business of HUL.
The changes are effective from July 1, the company said.
Indian executives from HUL who have made it to leadership roles in the parent company include Harish Manwani, who is the Chief Operating Officer, and Nitin Paranjpe, President of Unilever's Home Care business.