Kwality Wall's Announces Strategic Board Reshuffle Pre-Demerger

Kwality Wall’s (India) has appointed seven new board members in preparation for its demerger from Hindustan Unilever Ltd. The board includes seasoned professionals in consumer goods, finance, and governance. The new team will guide the company as it transitions into an independent entity by December 2025.

In a strategic move ahead of its planned demerger from Hindustan Unilever Ltd, Kwality Wall's (India) announced on Monday a series of new appointments to its board of directors.

The company will welcome seven new members to the board, including one non-executive director, two executive directors, and four independent directors, all highly experienced in areas such as consumer goods, finance, governance, and strategic mergers. These experienced individuals will guide Kwality Wall's as it prepares to operate as an independent listed entity.

Among the appointments, Chitrank Goel has been named Deputy Managing Director and Executive Director. Ritesh Tiwari will serve as a non-executive director, and Prashant Premrajka will join as Chief Financial Officer and Executive Director. Independent directors include Ravi Pisharody and Madhavan Hariharan. The demerger of Kwality Wall's is scheduled for completion by December 1, 2025.

(With inputs from agencies.)