In a recent development, Hindustan Unilever Limited (HUL) has announced the appointment of Leo Puri (57), as an independent director on its Board effective October 12, 2018.
Puri, until recently, was the Managing Director of UTI Asset Management Company. He has also previously served as an Independent Director in companies including Max New York Life Insurance Company, Infosys, Bennett Coleman & Co.
Prior to joining UTI Asset Management Company as CEO in August 2013, Puri was director at McKinsey & Company until 2007, and has also been a senior advisor to the Firm. He was a managing director at Warburg Pincus, a leading Private Equity Firm, from 2007 to 2011. Earlier in his career he worked in the UK, US and Singapore with A.T. Kearney, Spicer & Oppenheim and Lloyds Bank.
Welcoming Puri's appointment, Sanjiv Mehta, chairman and managing director, HUL, says in a press release, "Leo has a great track record of strategic leadership and transformation engagements across local and global markets. His experience and expertise across private and public institutions will be an excellent complement to our Board."
Commenting on his appointment, Puri, says in a press release, "HUL is an iconic institution and one of the most well-respected companies in the country. I am delighted to join the Board and look forward to contributing as an Independent Director."First Published : October 12, 2018 04:26 PM