HUL elevates Ritesh Tiwari as CFO

FMCG major, Hindustan Unilever Limited (HUL) has appointed Ritesh Tiwari as Executive Director, Finance and CFO, effective May 1, 2021. As per the company statement, the appointment is still subject to necessary government approvals. Tiwari will also be joining as a member of the Board, and will be taking over as the Vice President -Finance, South Asia, Unilever. 

Tiwari joined HUL as a trainee in 1999. Over the last 21 years, he has led a variety of teams, both within India and across Unilever in core finance and as a business partner to front-end sales, categories and supply chain. He is currently the VP of Finance – Global Performance management and is based out of the United Kingdom.

He will succeed Srinivas Phatak who is moving on to take up the role of EVP Financial Control and Risk Management. Phatak will be part of the Finance Leadership Executive Team and will be based out of Unilever’s headquarters in London

Commenting on the two movements, HUL’s Chairman and Managing Director Sanjiv Mehta said, “I would like to thank Srinivas for his purpose-driven leadership & invaluable contributions to the business. He has passionately led HUL’s Finance function and steered the business through transformational changes such as the Goods and Services Tax implementation and GSK Consumer Healthcare (GSK CH) - HUL merger, the largest in the industry. I wish him the very best for his new role. I look forward to Ritesh taking the finance function to the next level of performance.”