Corporate | HUL announces changes in management panel

Corporate | HUL announces changes in management panel
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First Published: Fri, Jan 15 2010. 09 44 PM IST
Updated: Fri, Jan 15 2010. 09 44 PM IST
New Delhi: India’s largest consumer goods company by sales, Hindustan Unilever Ltd (HUL) on Friday announced changes in its management committee.
According to a statement issued by the company, with effect from 1 March,, Dhaval Buch, currently executive director, supply chain, HUL and vice- president supply chain, South Asia, Unilever, will be appointed senior vice-president, strategic projects supply chain, Unilever global.
Buch will report to Pier Luigi Sigismondi, chief supply chain officer, Unilever, and in this position will be a part of the core supply chain leadership team of Unilever globally. Consequently, Pradeep Banerjee, currently vice- president, supply chain management- packaging, Unilever, will take over from Buch with effect from 1 February and will be a part of the management committee of HUL.
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Hindustan Copper to exit Nalco mining pact
New Delhi:Hindustan Copper Ltd has decided to walk out of a pact with National Aluminium Co. Ltd (Nalco) to jointly develop its Banwas copper mine in Rajasthan. It will now develop the mine on its own, chairman and managing director Shakeel Ahmed said.
The two companies, both under the central mines ministry, signed the pact on 21 October, a week before Ahmed took charge. They had planned to convert it into a joint venture in a month.
The mines ministry, which had brokered the deal, saw synergy in Nalco’s surplus cash and Hindustan Copper’s unutilized but rich mining assets. Nalco, on its part, had plans to piggyback the partnership to enter copper mining.
— NewsWire18
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First Published: Fri, Jan 15 2010. 09 44 PM IST