The Executive Director, Finance and IT and CFO of Hindustan Unilever, P B Balaji has tendered his resignation from his role and the board, according to a report published by The Economic Times.

A statement released by the Anglo-Dutch FMCG major’s Indian arm revealed that Balaji’s reason for leaving the company he has worked for for the past 24 years is ‘to explore an opportunity outside the company’. A further report from The Economic Times reveals Balaji has joined Tata Motors as CFO.

Hindustan Unilever is yet to appoint a successor, explaining that the announcement would be made ‘in due course’.