As soon as Priya Nair makes CEO towards Hindustan Unilever Limited, the company’s shares are seeing bumper bounce. On Thursday, HUL announced the appointment of Priya Nair as the first female CEO. This decision of the company is being seen on the shares of the sector veteran company HUL. Its shares have fled up to 5 percent amid selling in Dalal Street. Investors are earning strong money.
The company has decided to make Priya Nair a CEO at a time when it is suffering from dull development and its competition companies in the market. However, this step taken by Hul today is seeing a jump in shares. Till the news is written, Hindustan Unilever shares are trading at Rs 2,520 with a gain of 4.63% on BSE.
Who is Priya Nair?
Priya Nair started her career in 1995 as a management trainee in HUL. Since then, he has played many important roles in the company’s home care, beauty and personal care and wellbying portfolio. Right now he is part of Unilever’s Global Team and is the President of the Beauty and Wellbeing Business Group. This unit manages the business of about 12 billion euros, including hair care, skincare, health supplements and premium beauty products. Priya Nair has been made a CEO by the company in place of Rohit Java Ki Java.
Market condition
The stock market is seeing a decline today. The market’s major index Sensex is trading at 82,514.20 with a decline of about 670 points. At the same time, only 7 out of 30 Sensex are in green mark. The rest is being seen selling. Hindustan Unilever shares have seen the biggest rise on the Sensex.
