Unilever Appoints Srinivas Phatak CFO

Unilever PLC appointed Srinivas Phatak as its new chief financial officer. The announcement follows a thorough internal and external search process. Srinivas’s appointment as CFO, and to the board and Unilever leadership executive is effective immediately.

In February, Unilever PLC announced that Srinivas, who was deputy CFO and group controller at the time, would become acting CFO and that a full search would be initiated to appoint a permanent CFO.

The Best Candidate for the Role

Following that process, the Unilever board is in unanimous agreement that Srinivas 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 CEO Fernando Fernandez. “He brings financial rigor, 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 will receive annual fixed pay of E1.175 million, be eligible to receive annual bonus and Performance Share Plan awards, and localization support. It is all in line with Unilever’s existing remuneration policy.