Digital
Leading with purpose creates wins for consumers, community and country: Hina Nagarajan of Diageo India
HUL forms committee to evaluate future of ice cream division
Unilever PLC announced plans to separate its global ice cream operations in March 2024.
The board formed a committee of independent directors to explore various alternatives for the ice cream business and provide recommendations. These recommendations will be reviewed by both the Audit Committee and the Board.
FMCG major Hindustan Unilever Ltd (HUL) stated that its board of directors has established an Independent Committee to evaluate the future of its ice cream business, according to CNBC-TV18.
The company has formed a committee of independent directors to assess the future of its ice cream business.
Unilever PLC announced plans to separate its global ice cream operations in March 2024. In response to this, HUL's leadership discussed strategic options for its ice cream business during a board meeting on September 6, 2024.
The board formed a committee of independent directors to explore various alternatives for the ice cream business and provide recommendations. These recommendations will be reviewed by both the Audit Committee and the Board.
"The board also accorded its approval to explore potential structures and alternatives for the same. Based on the recommendation of the Independent Committee, the matter will be placed for final consideration of the Audit Committee and the Board at their respective meetings to be scheduled in due course," as per the FMCG major.
The final decision on the matter will be announced in accordance with SEBI regulations and other relevant laws. This restructuring could significantly impact HUL's ice cream business operations.
SPOTLIGHT
At the Storyboard18 DNPA Conclave 2025, Union Minister Ashwini Vaishnaw spotlighted the critical role of traditional media in an evolving digital landscape. He emphasized that such gatherings can aid the govt in formulating more effective policies for a balanced and sustainable media ecosystem.
Read MoreIN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity
From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.