After beginning as a management trainee with Unilever’s Indian division, in 1987, Paranjpe, now 61, has quickly advanced through the ranks.
On Thursday, Unilever announced that Nitin Paranjpe, its Chief People and Transformation Officer, would retire by mid-2024, marking about 37 years since he joined the consumer behemoth as a management trainee.
“I am very grateful to Nitin for everything he has done for the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role,” Unilever chief executive officer Hein Schumacher said.
After beginning as a management trainee with Unilever’s Indian division, Hindustan Lever (now Hindustan Unilever), in 1987, Paranjpe, now 61, has quickly advanced through the ranks.
Prior to taking over as president of the homecare division in 2013, he served as the youngest CEO at the Indian operation and led HUL for five prosperous years. Under his direction, yearly income increased from Rs 16,000 crore in 2008 to Rs 26,000 crore in 2013. In 2019, he served as Unilever’s second COO of Indian descent.
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