New Delhi: Consumer goods company Hindustan Unilever on Thursday named Niranjan Gupta its chief financial officer-designate and a member of the management committee with effect September 1.
Gupta, a former chief executive of two-wheeler maker Hero MotoCorp who had started his career at HUL, will take over from Ritesh Tiwari as executive director-finance and CFO on November 1, company said in a news release. Tiwari has been named global head of M&A and treasury at HUL parent Unilever effective November 1.
Gupta has experience across finance, M&As, supply chain and strategic roles in diverse industries. Following his initial two-decade stint at HUL, he spent three-years at Vedanta and joined Hero MotoCorp in 2017 as its CFO. He was elevated to its CEO in 2023. He had played a pivotal role at Hero MotoCorp, strengthening the financial health of its business, creating a strategy for the long term and establishing strategic partnerships, including with American motorcycle maker Harley-Davidson. He will report to CEO and managing director Priya Nair.
Tiwari took over as the finance director and CFO at HUL in 2021 and helped steer the company through the Covid-19 pandemic. In his new role, he will be based out of London.
Tiwari allocated capital in line with the company's strategic priorities to drive competitive volume-led growth amid volatile market conditions. He led key acquisitions, disposals and partnerships that have helped HUL in sharpening its portfolio. More recently, he steered the ice-cream business demerger into Kwality Walls (India) Ltd, paving the way for its independent listing.
Gupta, a former chief executive of two-wheeler maker Hero MotoCorp who had started his career at HUL, will take over from Ritesh Tiwari as executive director-finance and CFO on November 1, company said in a news release. Tiwari has been named global head of M&A and treasury at HUL parent Unilever effective November 1.
Gupta has experience across finance, M&As, supply chain and strategic roles in diverse industries. Following his initial two-decade stint at HUL, he spent three-years at Vedanta and joined Hero MotoCorp in 2017 as its CFO. He was elevated to its CEO in 2023. He had played a pivotal role at Hero MotoCorp, strengthening the financial health of its business, creating a strategy for the long term and establishing strategic partnerships, including with American motorcycle maker Harley-Davidson. He will report to CEO and managing director Priya Nair.
Tiwari took over as the finance director and CFO at HUL in 2021 and helped steer the company through the Covid-19 pandemic. In his new role, he will be based out of London.
Tiwari allocated capital in line with the company's strategic priorities to drive competitive volume-led growth amid volatile market conditions. He led key acquisitions, disposals and partnerships that have helped HUL in sharpening its portfolio. More recently, he steered the ice-cream business demerger into Kwality Walls (India) Ltd, paving the way for its independent listing.
You may also like
Michael Ball devastated as BBC host flooded with support after tragic death
Watch: Constable caught on video trying to push passenger out of train; RPF says it was at platform
Amazon offers two big reasons to ditch your Kindle and try something far superior
Two objections from political parties on Bihar SIR, 70,895 from voters so far: ECI
Actress Anjali comes onboard actor Vishal's film with director Ravi Arasu
