Business Standard: Colgate-Palmolive India Names Prabha Narasimhan as New MD and CEO
Colgate-Palmolive (India) announced the appointment of Prabha Narasimhan as its Managing Director and Chief Executive Officer, effective from 1st September. Currently, Narasimhan is heading the home care category at Hindustan Unilever Limited (HUL) as the Executive Director. According to CNBC, she first joined HUL back in 2006 as a Regional Marketing Manager before she rose through the ranks over the 15 years at the company. An Indian Institute of Management-Bangalore alumni, Narasimhan also had a brief stint at Madura Garments as a General Manager – Strategy.
During the same meeting, the Colgate-Palmolive board also confirmed Vijram Singh Mehta as the company’s “Lead Independent Director”, with effect from April this year. Moreover, they also approved the resignation of Ram Raghavan, the former Managing Director and Chief Executive Officer starting from April 15. Last but not least, the board also cleared a second interim dividend of Rs 21 per equity share for 2021 – 2022.
“The said interim dividend will be paid on and from May 25, 2022 to those shareholders whose names appear in the register of members of the company as on the record date i.e. May 07, 2022,” stated the regulatory filing.