Market digest

Minhaj new Unilever MD

Staff Correspondent

2 July, 2020 12:00 AM printer

Minhaj new Unilever MD

Unilever on Wednesday has announced that KSM Minhaj, currently Customer Development Director of Unilever Bangladesh Limited, has been appointed as the Managing Director of the newly acquired company.

Unilever successfully completed acquiring 81.98 percent shares of GlaxoSmithKline Bangladesh Limited (GSKBD) from Setfirst and has proposed to rename the company as Unilever Consumer Care Limited subject to necessary approvals, said a press release.

The declaration was made after getting the approval from the Board of Directors of GlaxoSmithKline Bangladesh Limited at its 297th meeting held on Tuesday.

Minhaj brings with him two decades of rich FMCG experience across multiple categories in foods, home and personal care, while leading both marketing and customer development functions as a member of the Management Committee of Unilever Bangladesh over the last 9 years.

He started his career at Nestle Bangladesh in 2000, doing stints in Supply Chain and Brand Management before joining Unilever in 2006.

In 2014, Minhaj was appointed Director of Sales and Customer Development at UBL. Over the last 6 years, he has successfully transformed the function, making it future-fit by driving execution excellence, expanding distribution base, and creating a fine blend of Go-to-Market talent.

The Board of GlaxoSmithKline Bangladesh Limited was reconstituted post acquisition of 81.98 percent shares of GSKBD by Unilever Overseas Holdings B.V. and Masud Khan is reelected as the Chairman of the Board.