Who is Unilever’s new CFO? Key info and abstract
- Srinivas Phatak appointed Unilever CFO after world inside and exterior search
- He had served as performing CFO since February, following CEO transition
- Board cited his robust monetary management and business expertise
- Phatak will earn €1.175 million yearly plus performance-based incentives
- Appointment alerts deal with worth creation and constant quantity progress
Unilever PLC, has introduced Srinivas Phatak as its new chief monetary officer (CFO), efficient instantly.
The appointment is alleged to have taken place after a “thorough internal and external search process”.
Phatak took on the position of performing CFO again in February, following Fernando Fernandez’s rise to chief govt officer (CEO).
Phatak was beforehand deputy chief monetary officer and group controller.
Following that course of, the Unilever Board is alleged to be in “unanimous agreement” that Phatak is the most effective candidate for the position, as a result of power of his business and purposeful expertise, and having carried out strongly as performing 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,” says Fernando Fernandez, CEO of Unilever. “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.”
Phatak is at the moment impartial non-executive director on the board of Coats Group plc.
He will obtain annual fastened pay of €1.175m, will probably be eligible to obtain annual bonus and efficiency share plan awards, and localisation help, according to Unilever’s present remuneration coverage.
