Hindustan Unilever CFO resigns to join Tata Motors

Published: 18-Aug-2017

PB Balaji has resigned after more than 20 years with the FMCG giant

PB Balaji/LinkedIn

PB Balaji/LinkedIn

Hindustan Unilever has announced PB Balaji has resigned from his position as CFO and Executive Director of Finance and IT.

Balaji joined the Anglo-Dutch FMCG giant in 1993 as a management trainee and has worked in different corporate finance roles across Asian markets, Switzerland, UK and India.

Since 2014 he has been heading the finance department as the CFO of Hindustan Unilever, a $6bn enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Hindustan Unilever is yet to name a successor and has not provided a timeline, but said the decision “shall be made in due course”.

The Hindu Business Line said Balaji is expected to join Tata Motors as CFO.

“Balaji’s deep knowledge in all areas across finance and his global experience will be very valuable for the Tata Motors Group. He will be a great addition to the management team,” said Tata Motors Chairman N Chandrasekaran.

According to the Indian newspaper, Balaji commented:

“The Tata Group represents the leading edge of Indian business and I am delighted to have the opportunity to work with the Tata Motors’ leadership team.

“I look forward to being part of the transformation journey and an exciting career ahead.”

You may also like