Unilever has announced the appointment of Srinivas Phatak as its new Chief Financial Officer.
Phatak has served as the acting CFO since February, when the consumer goods giant ousted its Chief Executive Hein Schumacher and replaced him with then-finance chief Fernando Fernandez.
Following an internal and external search process, Unilever stated today that its Board was in unanimous agreement that Phatak was the best candidate for the role, due to the strength of his industry and functional experience, as well as having performed well as acting CFO.
“Srinivas has been a great partner over the last six months as acting CFO and over many years as part of the Unilever leadership team,” said Fernandez.
“He brings financial rigour, strategic clarity, and a sharp eye for value creation. His leadership and constructive challenge will be very valuable in driving consistent volume growth, margin expansion, and advancing our growth story. I’m confident that, together with the team, we can build a scalable marketing and sales engine that delivers executional excellence across all channels.”
