HUL appoints Niranjan Gupta as CFO-designate, effective September 1

Ritesh Tiwari will take over as Unilever's global head of M&A and treasury from November 1, while Niranjan Gupta returns to HUL as CFO-designate and management committee member

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Hindustan Unilever Limited on Thursday announced the appointment of Niranjan Gupta as chief financial officer–designate and member of the company’s management committee from September 1. 

 

He takes over from Ritesh Tiwari as executive director, finance and chief financial officer of HUL from November 1, subject to necessary approvals. Tiwari has been appointed as the global head of M&A and treasury at Unilever Plc from November 1 and will be based out of London. 

 

Gupta will report to Priya Nair, chief executive officer and managing director at HUL. He began his career with HUL and has 20 years of experience across several leadership roles. 

 

“A seasoned business leader, Niranjan brings strong experience across finance, mergers and acquisitions, supply chain, and strategic roles in diverse industries. Following his stint with HUL, he spent three-years at Vedanta and then joined Hero MotoCorp in 2017 as CFO. He was, subsequently, elevated as the CEO in 2023. Niranjan played a pivotal role in strengthening the financial health of their business, creating a strategy for the long term and establishing strategic partnerships, including a collaboration with Harley Davidson,” the company said in its release.

 

Tiwari took over as ED finance and CFO at the consumer goods major in 2021 and helped steer the company through the Covid-19 pandemic. He also recently steered the ice cream business demerger into Kwality Walls (India), which helped pave the way for its independent listing, subject to regulatory approvals, it said. 

 

“I would like to thank Ritesh for his future-focused leadership and invaluable contribution to HUL…his elevation to the global role is yet another testament to HUL’s strong leadership pipeline. I am pleased to welcome Niranjan back to Hindustan Unilever and I am confident that he will play a pivotal role in steering the company towards its next phase of growth,” HUL CEO Nair said in the release.