July 24, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

HUL’s legal head and whole-time director Dev Bajpai set to retire on March 31

The country’s largest consumer goods company Hindustan Unilever Ltd (HUL) today announced the retirement of Dev Bajpai, Executive Director, Legal & Corporate Affairs and Company Secretary, effective March 31, 2022.

An alumnus of the University of Delhi and also a member of the Institute of Company Secretaries of India (ICSI), Bajpai has been a member of the management committee of HUL since May 2010. In January 2017 he was inducted on the board of directors of HUL as a whole-time director of the company.

Sanjiv Mehta, Chairman and Managing Director, HUL said, “Dev has played an outstanding role as a member of the Management Committee of HUL in the last decade. His sound advice on legal and corporate relations enabled HUL to navigate challenging issues and chart a growth journey seamlessly while maintaining the highest standards of Corporate Governance.”

“He ensured that the largest M&A deal in the history of the FMCG sector was executed in a seamless manner. In the last several years, under his leadership, the Brand Protection team has set new benchmarks in controlling both online & offline counterfeiting,” said Mehta in a release. “I respect Dev’s decision to retire and explore new avenues and opportunities including spending time in the field of social change.”

Over a three-decade veteran, Bajpai has also worked with Maruti Udyog Ltd, Marico Ltd, Indian Hotels Company Ltd and ICICI Venture Funds Management Company before joining HUL, the maker of Lipton tea and Dove personal care products.

According to Karl Fernandes, Partner & Head of In-House Practice Group at Vahura, a legal and governance executive search firm, Dev is a seasoned General Counsel with extensive multi-sector experience. His deep in-house legal, management, and commercial acumen, as well as his in-depth understanding of HUL’s footprint, is of enormous value and has been key to HUL’s growth strategy.

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