Rakesh Mohan named new Chairman of Unilever Bangladesh Ltd
28-12-2006 : Mr. Rakesh Mohan has been appointed the new Chairman and Managing Director of Unilever Bangladesh Ltd with effect from 1 January 2007.
Mr. Rakesh Mohan has been appointed the new Chairman and Managing Director of Unilever Bangladesh Ltd with effect from 1 January 2007. Mr. Mohan succeeds Mr. Sanjiv Mehta, who served as Chairman and Managing Director of Unilever Bangladesh Ltd since 2002. The announcement was made at a reception held to bid farewell to Mr. Sanjiv Mehta and to welcome Mr. Rakesh Mohan.
An Engineer with an MBA in Marketing, Mr. Mohan brings, with him, about 16 years of experience with Unilever over which period he held positions in the Home and Personal Care and Foods businesses and with DiverseyLever. Prior to coming to Bangladesh, he was the Managing Director of Unilever Nepal Ltd for the last 4 years and under his stewardship, the business delivered exceptional results with sales and profits growing consistently at over 20 per cent and 50 per cent respectively. This was coupled with strong cash flows as well and the Company Market Capitalization nearly trebled during his tenure.
As announced earlier, Mr. Sanjiv Mehta leaves Bangladesh to move to the Philippines to take up the position of Chairman & CEO of Unilever Philippines Inc. Unilever Philippines is a USD 500 million business and is one of Unilever’s top ten businesses in Unilever’s Asia AMET (AA) region.