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.

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,

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,