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Top Execs At HUL Rewarded For Company’s Strong Numbers

July 2, 2013: 12:00 AM EST
Hindustan Unilever has rewarded its top executives for the company’s solid financial performance in 2012-13. CEO Nitin Paranipe’s salary and benefits rose by about four percent to $1.69 million, while CFO Sridhar Ramamurthy’s went up 87 percent to $995,000. The total compensation and reward package for top executives at the company is designed to be competitive within the industry – to “catch up with the rest of the market” – and tied strongly to performance. It is also “a way to create exit barriers” for its strongest performing managers.
Meghna Maiti , "HUL gives hefty pay hikes to CEO, EDs after robust growth", mydigitalfc.com, July 02, 2013, © Financial Chronicle
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