HUL’s Mehta’s pay up 47% at Rs 22 crore in FY22 – Times of India

MUMBAI: Sanjiv Mehta, MD & CEO of Hindustan Unilever (HUL), took home a total compensation of Rs 22 crore in 2021-22, a jump of 47% over the previous year’s figure of Rs 15 crore.
In 2020-21, which was a tough year for businesses following the pandemic, Mehta’s compensation had dipped by about 6% as compared to the previous year’s remuneration of Rs 16 crore (excluding stock options). On the other hand, FY22 saw the FMCG major’s turnover crossing a milestone of Rs 50,000 crore, while it faced unprecedented headwinds on input costs. Mehta’s compensation for FY22, however, includes long-term incentives of around Rs 4 crore, according to HUL’s annual report.
Long-term share schemes incentivise senior management’s focus on the sustained delivery of high-performance results over the long-term. The amount of shares awarded is linked to business performance measured over a 3-year period across four parameters, namely competitive growth, cash, capital efficiency and progress on sustainability initiatives.
Mehta earned a bonus of a little over Rs 4 crore during the year.
Average increase made in the salaries of HUL’s employees other than the managerial personnel in the financial year was approximately 8%.

!(function(f, b, e, v, n, t, s) {
window.TimesApps = window.TimesApps || {};
const { TimesApps } = window;
TimesApps.loadFBEvents = function() {
(function(f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function() {
n.callMethod ? n.callMethod(…arguments) : n.queue.push(arguments);
};
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
})(f, b, e, v, n, t, s);
fbq(‘init’, ‘593671331875494’);
fbq(‘track’, ‘PageView’);
};
})(
window,
document,
‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’,
);if(typeof window !== ‘undefined’) {
window.TimesApps = window.TimesApps || {};
const { TimesApps } = window;
TimesApps.loadScriptsOnceAdsReady = () => {
var scripts = [‘https://static.clmbtech.com/ad/commons/js/2658/toi/colombia_v2.js’,
‘https://www.googletagmanager.com/gtag/js?id=AW-877820074’,
‘https://imasdk.googleapis.com/js/sdkloader/ima3.js’,
‘https://tvid.in/sdk/loader.js’,
‘https://timesofindia.indiatimes.com/video_comscore_api/version-3.cms’,
‘https://timesofindia.indiatimes.com/grxpushnotification_js/minify-1,version-1.cms’,
‘https://connect.facebook.net/en_US/sdk.js#version=v10.0&xfbml=true’,
‘https://timesofindia.indiatimes.com/locateservice_js/minify-1,version-12.cms’
];
scripts.forEach(function(url) {
let script = document.createElement(‘script’);
script.type=”text/javascript”;
if(!false && !false && url.indexOf(‘colombia_v2’)!== -1){
script.src = url;
} else if (!false && !false && url.indexOf(‘sdkloader’)!== -1) {
script.src = url;
} else if (url.indexOf(‘colombia_v2’)== -1 && url.indexOf(‘sdkloader’)== -1){
script.src = url;
}
script.async = true;
document.body.appendChild(script);
});
}
}