Cessation of Mr. Ritesh Tiwari as the Executive Director, Finance, IT & Chief Financial Officer of the Company effective close of business hours on 31st October 2025
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Hindustan Unilever announced that Mr. Ritesh Tiwari will cease as Executive Director, Finance, IT & Chief Financial Officer effective 31st October 2025. He is being elevated to Global Head of M&A and Treasury at parent company Unilever PLC, based in London. Mr. Niranjan Gupta, a HUL veteran with 20 years of prior experience at the company, will join as CFO-Designate on 1st September 2025 and take over as Executive Director, Finance & CFO for a 5-year term from 1st November 2025, subject to shareholder approval. Gupta most recently served as CEO of Hero MotoCorp and previously spent three years at Vedanta. He will report to MD & CEO Priya Nair. The transition has been approved by the Board, Nomination & Remuneration Committee, and Audit Committee.
This is a planned, orderly leadership transition with the outgoing CFO moving to a senior global role at Unilever PLC, reflecting positively on HUL's leadership pipeline. Niranjan Gupta's strong FMCG and finance background should provide continuity, though investors will watch for any strategic shifts. Short-term stock impact is likely neutral.