Hindustan Unilever (HUL), one of the leading FMCG firms, today announced the appointment of Kalpana Morparia, chief executive officer, J. P. Morgan Asia pacific management committee. Morparia is an independent director on the board of several companies including Reddy's Laboratiories, Bennett Coleman & Company, Philip Morris International Inc. and CMC.
Prior to joining J. P. Morgan India, Morparia served as vice chair on the boards of ICICI group companies. She was the joint managing director of the ICICI group from 2011 to 2007. Morparia will be a member of the audit and corporate social responsibility committees of the HUL board.
Shares of the company gained Rs 5.15, or 0.7%, to settle at Rs 739.45. The total volume of shares traded was 43,558 at the BSE (Thursday).