Kwality Wall’s Appoints New Board Ahead Of Hul Demerger

Kwality Wall’s (India) Limited (KWIL), one of India’s leading ice cream and frozen dessert companies, has formally constituted its new board of directors ahead of its separation from Hindustan Unilever Limited (HUL). The demerger, scheduled to take effect on December 1, 2025, will see KWIL emerge as a standalone listed company, with December 5 set as the record date for shareholders.  

The newly appointed board comprises seasoned leaders with expertise across consumer goods, finance, governance, and mergers & acquisitions. The appointments are aimed at ensuring a smooth transition and positioning KWIL for accelerated growth in the competitive frozen desserts market.  

Key highlights from the announcement include  

• Seven appointments have been made, including one non-executive director, two executive directors, and four independent directors.  
• Chitrank Goel has been named Deputy Managing Director and Executive Director.  
• Prashant Premrajka has been redesignated as Executive Director and Chief Financial Officer for a three-year term beginning December 1, 2025.  
• Ritesh Tiwari, Unilever’s Global Head of M&A, joins as a non-executive director, bringing global strategic expertise.  
• The board also includes independent directors with backgrounds in governance, regulatory affairs, and risk management.  
• KWIL will gain access to additional global brands such as Ben & Jerry’s, Viennetta, and Yasso, complementing existing offerings like Cornetto, Magnum, and Kwality Wall’s.  
• The leadership changes are designed to support faster decision-making and sharper growth strategies as KWIL transitions into an independent entity.  
• The demerger reflects HUL’s strategy to streamline operations while enabling KWIL to focus exclusively on the ice cream and frozen desserts segment.  

With its new board in place, KWIL is expected to leverage global brand access, innovative formats, and technology-driven strategies to strengthen its market presence. The move marks a significant milestone in India’s FMCG sector, as Kwality Wall’s prepares to chart its independent growth journey.  

Sources: Economic Times, Financial Express, Rediff Money, Zee Business, SiliconIndia