Sunday, May 6, 2012

Unilever Nepal gets new managing director

SrikanthSrinivasamadhavan has replaced Kamran Bakr as the managing director of Unilever Nepal.
Kamran Bakr has moved to Unilever Bangladesh as its chairman and managing director.
Unilever Nepal is one of the largest Fast Moving Consumer Goods (FMCG) company in Nepal, touching the lives of two out of three Nepali with different categories in home and personal care products. A part of Unilever group of companies, Unilever Nepal is listed at the Nepal Stock Exchange. It has listed its 920,700 units of shares at a face value of Rs 100 per unit, which was last traded at Rs 6,310.
Unilever Nepal — the blue chip company in the domestic capital market which is dominated by banks and financial instituitions — has posted 47 per cent increase in its profits after tax in the second quarter of the current fiscal year compared to the same period last fiscal year.
"Company's turnover for the second quarter of the current fiscal year has increased by 18 per cent over the same period of last fiscal year," according to the financial statement of the company that is one of the highest dividend payers.
The new managing director SrikanthSrinivasamadhavan is a chemical engineer from Indian Institute of Technology Chennai and has a PGDM from Indian Institute of Management, Ahmedabad. He has worked in various institutions like Brooke Bond Lipton India and Dragoco (Simrise) in his early part of career primarily in various positions.
Srikanth then spent nearly 15 years at Hindustan Unilever. He has held various roles in the company, including Media Director for Unilever South Asia, Category Head of Skin Cleansing at Hindustan Unilever, Insight Director (South Asia/South East Asia) and head-Sales and Marketing, Kimberly Clark Lever, the joint venture between Unilever and Kimberly Clark. Before joining this role, Srikanth was
the Head Marketing of HSBC bank in India and was part of the HSBC EXCO.
Srikanth is married and with two children and he enjoys movies, sports and music. He is also interested in sharing his learning over the years in many business and educational forums.


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