Leo Puri resigns as Independent Director of Hindustan Unilever Limited
Puri has stepped down due to increasing board commitments, including a proposed appointment to the board of a global entity, and compliance with the European Corporate Governance regulations regarding board memberships.
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Hindustan Unilever Limited (HUL) has announced the resignation of Leo Puri as an Independent Director of the company. As per the company, Puri's resignation is effective from June 30, 2025.
Puri has stepped down due to increasing board commitments, including a proposed appointment to the board of a global entity, and compliance with the European Corporate Governance regulations regarding board memberships.
In addition to resigning from the Board of Directors, Puri will also step down as Chairperson of the Risk Management Committee, ESG Committee, and Independent Committee, as well as a member of the Audit Committee, effective from the close of business on June 30, 2025.
Puri, who has been associated with HUL since October 12, 2018, was reappointed for another term starting October 12, 2023. Expressing regret over his departure, he acknowledged his growing international responsibilities and emphasized that his resignation was solely due to board overboarding norms and professional obligations.
In his resignation letter, Puri reaffirmed his support for HUL's continued growth and transition and confirmed that there were no additional material reasons for his departure beyond those stated. "I deeply regret that I am unable to complete my term at Hindustan Unilever Limited. I remain committed to supporting the company in any way I can during this transition. I hereby confirm that there are no other material reasons for my resignation. I would like to express my thanks to the entire Board of the Company for their collaboration and support during my tenure. It has been an honour to work with such a talented and visionary team," Puri wrote.
