Three months after it acquired a controlling stake in Chennai-based Henkel India, consumer goods firm Jyothy Labs is yet to find a CEO to head the Henkel–Jyothy combined entity. The firm was hoping to name a top official from Unilever as its chief executive, but talks fizzled out. Resurrecting the combine will be an uphill task, considering the losses on Henkel's books and stiff competition from HUL and P&G. Henkel let go former CEO Jayant Singh in March on differences of opinion with the German parent, poor performance of its brands and piling losses.
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