HUL announces key appointment to its Management Committee

Hindustan Unilever Limited (HUL) today announced the appointment of Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer and a member of the Board, HUL with effect from May 1, 2021, subject to necessary government approvals. He will also take over as the Vice President Finance, South Asia, Unilever.

Ritesh Tiwari joined HUL as a management trainee in 1999 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 Finance - Global Performance management and is based out of the United Kingdom.

Ritesh will succeed Srinivas Phatak who will move as EVP Financial Control and Risk Management, based out of Unilever's headquarters in London and be part of the Finance Leadership Executive Team.

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."

Shares of HINDUSTAN UNILEVER LTD. was last trading in BSE at Rs.2390.75 as compared to the previous close of Rs. 2398.9. The total number of shares traded during the day was 137939 in over 6537 trades.

The stock hit an intraday high of Rs. 2421 and intraday low of 2334.85. The net turnover during the day was Rs. 326030619.

Source : Equity Bulls

Keywords