Procter & Gamble India appoints L. V. Vaidyanathan as new MD

19 Apr 2022 , 02:45 PM

L. V. Vaidyanathan will take over the post from Madhusudan Gopalan, who is going to take on a leadership role within P&G as senior vice president – grooming & oral care of P&G Japan & Korea. Gopalan tendered his resignation as managing director of the company effective 30 June 2022.

Vaidyanathan has completed his Bachelor of Engineering (Mech.) from National Institute of Technology, Nagpur and has an MBA from IIM‐Ahmedabad. He is currently leading the P&G business in Indonesia as CEO where he has been responsible for industry‐leading growth and value creation.

Procter & Gamble Hygiene and Health Care (PGHHCL) is an FMCG company that has in its portfolio Whisper, Vicks and Old Spice.

The FMCG company reported a 15.4% fall in net profit to Rs 212.06 crore in quarter ended December 2021 from Rs 250.62 crore posted in quarter ended December 2020. Net sales increased by 7.3% to Rs 1,092.98 crore in quarter ended December 2021 from Rs 1,018.44 crore recorded in the same period last year.

Shares of Procter & Gamble Hygiene & Health Care were trading 1.51% higher at Rs 14,655 on BSE.

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