Analysts pin HUL's revival hopes on CEO Priya Nair
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Mumbai: Analysts expect Priya Nair, the first woman MD & CEO in Hindustan Unilever's (HUL) history, to build her revival strategy around growth at India's biggest consumer goods maker, with the news of her appointment from next month boosting the stock by about 5% in D-Street's evident vote of trust in the incoming leadership. London-based Nair takes charge at a time when the FMCG major is facing slowing growth and intense competition from fast moving D2C brands and new-age players. Under the watch of the exiting leadership, sales barely climbed 2% while the stock slid around 10%. The leadership transition, which would see the 92-year-old HUL get its first woman boss, comes as incumbent leader Rohit Jawa, who was appointed in June 2023, steps down after the shortest CEO tenure in the company's history - well before the expiry of his five-year term. Analysts are counting on Nair's track record of reviving beleaguere...