Mumbai: Hindustan Unilever Limited (HUL) has announced the appointment of Niranjan Gupta as Chief Financial Officer – Designate and member of the HUL Management Committee with effect from 1st September 2025. He will succeed Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer (CFO) and join the HUL Board from 1st November 2025, subject to necessary approvals. In his new role, Niranjan will report to Priya Nair, CEO & MD, HUL. Ritesh Tiwari will take on the role of Global Head of M&A and Treasury at Unilever Plc, effective 1st November 2025, based in London.
Niranjan began his career with HUL, spending 20 years in several leadership roles across the company. A seasoned business leader, he brings strong experience across finance, mergers and acquisitions, supply chain, and strategic roles in diverse industries. After his tenure at HUL, Niranjan spent three years at Vedanta Limited before joining Hero MotoCorp in 2017 as CFO, later being elevated as CEO in 2023. He played a pivotal role in strengthening the company’s financial health, creating long-term strategies, and establishing strategic partnerships, including a collaboration with Harley Davidson.
Ritesh Tiwari took over as Executive Director, Finance and CFO of HUL in 2021 and guided the company through the COVID pandemic, ensuring sustained growth while protecting the financial model. He led key acquisitions, disposals, and partnerships, sharpening HUL’s portfolio and preparing it for the future. More recently, he steered the Ice Cream business demerger into Kwality Walls (India) Limited, paving the way for its independent listing, subject to regulatory approvals.
Priya Nair, CEO & MD, HUL, said, “I would like to thank Ritesh for his future-focused leadership and invaluable contribution to HUL. He led our portfolio transformation efforts, aligning resources to high-growth areas resulting in strong market share gains. 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.”
