US EditionUnilever appoints Indian-origin Srinivas Phatak as new CFO: Here's how much salary he will get
Srinivas Phatak, with over 25 years at Unilever and strong financial leadership, was unanimously appointed CFO to support growth and margin expansion, earning 1.175 million annually.
- On Tuesday, Unilever PLC announced the immediate appointment of Srinivas Phatak as its chief financial officer.
- The appointment came after a comprehensive search both within Unilever and externally, following Phatak’s tenure as acting CFO beginning in February 2025.
- Phatak, an Indian-origin Chartered Accountant with over 25 years at Unilever, previously served as CFO of Hindustan Unilever and vice-president finance for South Asia.
- He will receive a fixed yearly salary of £1.175 million and will also qualify for additional compensation through Unilever's bonus schemes, share-based incentives, and support related to localisation, all according to the company’s current remuneration framework.
- Phatak’s leadership is expected to support consistent volume growth and margin expansion as Fernando Fernandez leads Unilever following a board reshuffle earlier this year.
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14 Articles
Unilever appoints Srinivas Phatak as CFO
Unilever has appointed India-born Srinivas Phatak as its new CFO. A company veteran with over 25 years at Unilever, Phatak joins the board and ULE, becoming the second Indian on its top leadership team. His elevation comes as Unilever restructures and prepares to spin off its ice cream business.
Unilever appoints new CFO
Unilever has appointed Srinivas Phatak as Chief Financial Officer, following a unanimous board decision after a global search. Phatak had served as acting CFO since February and brings deep financial and industry expertise to the role. He will receive a fixed annual salary of €1.175 million, plus performance-based incentives.
Unilever appoints Indian-origin Srinivas Phatak as new CFO: Here's how much salary he will get
Srinivas Phatak had been serving as acting CFO at the Anglo-Dutch consumer goods company since March. An internal hire, he will join the board effective immediately, Unilever said Tuesday.
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