UK | Unilever PLC announced the appointment of Srinivas Phatak as its new Chief Financial Officer ("CFO") after a thorough internal and external search process.
Phatak's appointment as CFO, and to the Board and Unilever Leadership Executive, is effective immediately.
In February 2025, Unilever PLC announced that Phatak, who was the Deputy Chief Financial Officer and Group Controller at the time, would become the acting CFO, and a full search would be initiated to appoint a permanent CFO.
Following that process, the Unilever Board is in unanimous agreement that Phatak is the best candidate for the role, due to the strength of his industry and functional experience and having performed strongly as acting CFO.
"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," said Fernando Fernandez, Chief Executive Officer.
"He brings financial rigour, strategic clarity, and a sharp eye for value creation. His leadership and constructive challenges will be invaluable 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."
Phatak is currently an Independent Non-Executive Director on the board of Coats Group plc. He will receive an annual fixed pay of EUR 1.175m, be eligible to receive annual bonus and Performance Share Plan awards, and localisation support, all in line with Unilever's existing remuneration policy.
Other information will be provided in the Unilever Directors' Remuneration Report 2025. No further details are required to be disclosed under UK Listing Rule 6.4.8R.
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