New chiefs at Colgate, Jubilant need to get the shine, fast
Synopsis
While the nation’s largest oral care company, Colgate-Palmolive India, is roping in talent from its competitor; the top foodservice company, Jubilant Foodworks, is seeing its incumbent CEO step down after a five-year stint. Prabha Narasimhan of Hindustan Unilever has been named to join Colgate India as CEO and managing director. She will take over at the helm of the MNC at a critical time.
ET Intelligence Group: Changes to the top management often beget stock re-ratings. Two consumer companies announced a change to their CEOs last week, prompting investors to take note.
While the nation’s largest oral care company, Colgate-Palmolive India, is roping in talent from its competitor; the top foodservice company, Jubilant Foodworks, is seeing its incumbent CEO step down after a five-year stint.
Prabha Narasimhan of Hindustan Unilever
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