A New Era for HUL's Finances: Niranjan Gupta Takes the Helm as Ritesh Tiwari Ascends to Global Leadership

Hindustan Unilever Limited (HUL), India's leading fast-moving consumer goods (FMCG) company, has announced a significant leadership transition in its financial division. Niranjan Gupta is set to take over as the new Chief Financial Officer (CFO) and join the HUL Board, with his appointment becoming effective from September 1, 2024.

This strategic move follows the progression of the current CFO, Ritesh Tiwari, who is poised to embrace a pivotal global leadership role within the broader Unilever organization.

Niranjan Gupta brings a wealth of experience to his new role. A veteran with nearly two and a half decades at Unilever, he has cultivated a profound understanding of the company's financial ecosystem across various markets and functions.

Having joined Unilever in 1999, Gupta has navigated diverse responsibilities, including serving as the Financial Controller for Unilever's Global Markets and, most recently, as the CFO for the Home Care division. His extensive background in global finance and operational strategy positions him well to steer HUL's financial future.

Ritesh Tiwari, who has served as HUL's CFO since May 2021, will be transitioning to the role of Head of Global Business Services at Unilever.

During his tenure, Tiwari played a crucial role in shaping HUL's financial strategy, ensuring robust performance and navigating complex market dynamics. His contributions have been instrumental in reinforcing HUL's financial strength and strategic direction. His move to a global position underscores Unilever's commitment to internal talent mobility and recognizing outstanding leadership within its worldwide operations.

This leadership change at HUL is more than just a personnel reshuffle; it reflects Unilever's dynamic approach to nurturing and deploying its top talent.

The smooth transition ensures continuity in HUL's financial stewardship while also providing a growth trajectory for its senior executives. Both appointments highlight the depth of leadership within the Unilever group and its commitment to strong governance and strategic financial management.

As HUL prepares for this new chapter under Niranjan Gupta's financial leadership, the company remains dedicated to sustainable growth, innovation, and delivering value to its stakeholders.

The strategic appointments of both Gupta and Tiwari underscore the company's forward-looking vision and its continuous efforts to strengthen its leadership team for future challenges and opportunities in the evolving consumer market.