Hindustan Unilever CEO took home a hefty package of Rs 14.20 crore in FY17

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Sanjiv Mehta, Managing Director and CEO of FMCG major Hindustan Unilever took home a pay package of Rs 14.20 crore in the last fiscal, even though there was no hike in his salary as compared to the previous year.
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In comparison, Company’s Chief Financial Officer P B Balaji was paid Rs 8.33 crore for the same period, even without any raise in 2016-17.

On the other hand, Pradeep Banerjee, Executive Director for Supply Chain, and Dev Bajpai, Executive Director for Legal & Corporate Affairs and Company Secretary, both received hikes of 8% each, taking home Rs 4.75 crore and Rs 4.69 crore, respectively.

Employees other than the managerial personnel got an average percentage increase of 5.57%. In the case of managerial personnel, the average increase was 3.1%.

(Image source HUL)
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