FMCG main Hindustan Unilever Ltd (Ltd) on Thursday introduced key adjustments to its prime administration, naming Niranjan Gupta as its subsequent CFO after Ritesh Tiwari. The corporate appointed Gupta as CFO-designate and member of its administration committee, with impact from September 1. He’ll take over from Tiwari as Government Director-Finance and CFO and likewise be part of the corporate’s board with impact from November 1.
Gupta will report back to HUL CEO and MD Priya Nair.
Tiwari is appointed the worldwide head of M&A and treasury at HUL guardian Unilever Plc, with impact from November 1. He can be based mostly out of London.
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“I wish to thank Ritesh for his future-focused management and invaluable contribution to HUL. He led our portfolio transformation efforts, aligning assets to high-growth areas leading to robust market share beneficial properties. His elevation to the worldwide position is one more testomony to HUL’s robust management pipeline,” mentioned Priya Nair, CEO and MD, HUL.
“I’m happy to welcome Niranjan again to Hindustan Unilever and I’m assured that he’ll play a pivotal position in steering the corporate in the direction of its subsequent part of development,” added Nair.
Who’s Niranjan Gupta?
Gupta started his profession with HUL, the place he would spend the subsequent 20 years throughout a number of management roles. A seasoned enterprise chief, Gupta brings robust expertise throughout finance, M&As, provide chain, and strategic roles in various industries, in line with HUL.
After his stint with HUL, he spent three-years at Vedanta Ltd. He was elevated as CEO at Hero MotoCorp in 2023, having joined the auto big as CFO in 2017.
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Who’s Ritesh Tiwari?
Tiwari took over as Government Director-Finance and CFO of HUL in 2021. He helped in steering the corporate by way of the pandemic, guaranteeing sustained development whereas defending the monetary development mannequin. He allotted capital in step with the corporate’s strategic priorities to drive aggressive quantity led development amid unstable market situations.
He led key acquisitions, disposals and partnerships which have helped in sharpening the portfolio and making HUL future-ready, mentioned the FMCG main.
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