Colgate-Palmolive has elevated its India Managing Director Mukul Deoras as the Asia Pacific president, helping him join the league of Indians in the global brass of big multinationals. According to the company, Prabha Parameswaran, marketing head of Colgate Mexico, will replace Deoras as Colgate Palmolive India managing director. Deoras will move to Hong Kong to take on his new responsibility on February 1 next year, two years after he was named Indian managing director in 2010. He will help the $15-billion (approximately Rs 77,000 crore) oral care giant develop its emerging markets strategy.
The development reinforces a trend among global consumer goods firms to choose Indians with inherent knowledge of challenging, but high potential, markets such as India, for their global leadership positions as they shift focus to emerging markets to maintain growth momentum.
Source: The Economic Times