FMCG major Hindustan Unilever (HUL) on Monday said P.B. Balaji has stepped down as Executive Director, Finance and IT, and Chief Financial Officer (CFO) of the company.

In a regulatory filing to the BSE, the company said the announcement of appointment of the successor to P.B. Balaji shall be made in due course.

In his resignation letter to the company, Balaji said: “This is to inform you that I would like to resign from the services of the company to pursue an exciting external opportunity.”

“I will be grateful if I can be relieved on or before November 15, 2017,” the letter added.