HUL share price, July 11 -- Shares of Hindustan Unilever Ltd (HUL) surged by almost 4% on Friday following the company's announcement of Priya Nair as its new Managing Director and Chief Executive Officer (MD & CEO).

Based on the suggestions from the Nomination and Remuneration Committee, the Board has approved the appointment of Priya Nair for a five-year term starting August 1, 2025, and ending on July 31, 2030.

Her appointment is contingent upon receiving approval from shareholders and any relevant statutory authorities. The Board of Directors made this decision during its meeting on Thursday, July 10.

Nair will take over from Rohit Jawa, who will depart from his role as MD & CEO of the company at the end of business on July 31. Jaw...