Hindustan Unilever on Thursday named Priya Nair as managing director and CEO, replacing Rohit Jawa well before the completion of his five-year term as the company's chief.

Priya Nair will lead Hindustan Unilever from August 1, becoming its first Indian woman CEO. Market reacted positively, with HUL shares rising 4.6%. Analysts expect strategic changes as HUL counters stiff competition in beauty,

For the first time in its 92-year history, Hindustan Unilever Ltd (HUL) has appointed a woman, Priya Nair, as its next Chief Executive Officer and Managing Director. She currently heads Unilever’s Beauty and Wellbeing division,