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Banga to quit Unilever in May

Banga to quit Unilever in May
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First Published: Thu, Mar 18 2010. 11 23 PM IST

Moving on: Banga. Bloomberg
Moving on: Banga. Bloomberg
Updated: Thu, Mar 18 2010. 11 23 PM IST
Moving on: Banga. Bloomberg
Mumbai: Manvinder Singh Banga, president, global foods, home and personal care, Unilever, and a member of its board, has decided to leave the firm at the end of May after a 33-year stint, the global consumer goods company announced on Thursday. It did not assign a reason for Banga’s move.
Michael B. Polk, president, Americas, will succeed Banga and in turn be replaced by Dave Lewis, executive vice-president of Unilever, the UK and Ireland.
Banga “is a great leader and has had a very successful career with Unilever. He was responsible for a significant improvement in our innovation results, delivering bigger ideas with global scale, and he will leave a lasting impact on the company,” Paul Polman, chief executive officer of Unilever, said in a statement.
Banga was in 2000 appointed chairman and managing director of Hindustan Unilever Ltd, Unilever’s India arm.
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First Published: Thu, Mar 18 2010. 11 23 PM IST