Consumer goods company Hindustan Unilever Limited (HUL) has announced the appointment of Ritesh Tiwari as the Executive Director, Finance and CFO and a member of the Board with effect from May 1, 2021.
Tiwari will also be taking over as the Vice President -Finance, South Asia, Unilever. His appointment is still subject to necessary government approvals, as per the company statement.
Tiwari will succeed Srinivas Phatak who will now be handling the role of EVP Financial Control and Risk Management. Phatak will be based out of Unilever’s headquarters in London and will be the part of the Finance Leadership Executive Team.
Commenting on the development, Sanjiv Mehta, Chairman and Managing Director, HUL, 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.”
Ritesh Tiwari joined the company in 1999 as a trainee after completing his Chartered Accountancy from ICAI. 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.
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