HUL shares jump nearly 5 pc after Priya Nair named CEO MD

     New Delhi, Jul 11 (PTI) Shares of Hindustan Unilever Ltd (HUL) on Friday surged nearly 5 per cent after the company announced that Priya Nair will become its first woman CEO and MD.
     The stock jumped 4.61 per cent to settle at Rs 2,520.10 apiece on the BSE. Intra-day, it edged higher by 5 per cent to Rs 2,530.
     On the NSE, shares of the firm climbed 4.63 per cent to Rs 2,520 each.
     The stock emerged as the biggest gainer among the Sensex and Nifty firms.
     The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. Similarly, the 50-share NSE Nifty dropped 205.40 points or 0.81 per cent to 25,149.85.
     The company's market valuation went up by Rs 26,092.21 crore to Rs 5,92,120.49 crore.
     Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd, effective August 1, 2025, with India's largest FMCG firm announcing her appointment on Thursday.
     Nair, currently President, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.
     She replaces Rohit Jawa, who will step down as CEO and MD on July 31, 2025, to pursue the next chapter in his personal and professional journey, the FMCG major said in a statement.
     Jawa took over as the CEO and MD of HUL in 2023.
     Nair will also join the HUL Board, subject to necessary approvals, and continue to be a member of the Unilever Leadership Executive (ULE), the company added.
     "Priya has had an outstanding career in HUL and Unilever. I am certain that with her deep understanding of the Indian market and excellent track record, Priya will take HUL to the next level of performance," HUL Chairman Nitin Paranjpe said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)