Unilever has announced the appointment of Srinivas Phatak as its new permanent chief financial officer (CFO).

The consumer-packaged goods company confirmed that Phatak’s appointment as CFO and to Unilever’s board is effective immediately.

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

Following the search process, the Unilever board has revealed it was in unanimous agreement that Phatak was the best candidate for the role, due to his functional experience and performance as acting CFO.

Unilver’s CEO, Fernando Fernandez, 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.”

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