London: Unilever PLC has announced the appointment of Srinivas Phatak as its new Chief Financial Officer (CFO), effective immediately. Srinivas will also join the Board and the Unilever Leadership Executive following a thorough internal and external search process.
In February 2025, Unilever had announced that Srinivas, then Deputy Chief Financial Officer and Group Controller, would take on the role of acting CFO while a full search was initiated to appoint a permanent successor. The Unilever Board has now unanimously agreed on Srinivas as the best candidate, citing his strong performance in the interim role and his deep functional and industry experience.
Fernando Fernandez, Chief Executive Officer, said, “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. 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.”
Srinivas also serves as an Independent Non-Executive Director on the board of Coats Group plc.
As part of his remuneration, Srinivas will receive an annual fixed pay of EUR 1.175 million, be eligible for annual bonus and Performance Share Plan awards, and receive localisation support, in line with Unilever’s existing remuneration policy. Full details will be disclosed in the Unilever Directors’ Remuneration Report 2025.
