Unilever appoints Srinivas Phatak as new Chief Financial Officer after global search process

Unilever appoints Srinivas Phatak as new Chief Financial Officer after global search process

(IN BRIEF) Unilever PLC has named Srinivas Phatak as its new Chief Financial Officer, effective immediately, following his interim role since February 2025. The appointment was unanimously approved by the Board after a full global search process, recognizing his strong track record, financial expertise, and leadership contributions. CEO Fernando Fernandez praised Srinivas for his strategic insight and value-driven approach, highlighting his role in delivering volume growth, margin improvements, and long-term success. Alongside his new role, Srinivas will remain an Independent Non-Executive Director of Coats Group plc. His compensation package includes an annual fixed salary of EUR 1.175 million, eligibility for bonuses, Performance Share Plan awards, and localisation support, consistent with Unilever’s remuneration framework

(PRESS RELEASE) LONDON, 16-Sep-2025 — /EuropaWire/ — Unilever PLC has confirmed the appointment of Srinivas Phatak as its new Chief Financial Officer (CFO), with immediate effect. The decision follows a comprehensive internal and external recruitment process that began earlier this year, after Srinivas was named acting CFO in February 2025 while also serving as Deputy CFO and Group Controller.

The Board of Unilever unanimously endorsed Srinivas for the permanent role, recognizing his extensive industry expertise, financial acumen, and proven leadership during his interim tenure. His appointment also extends to the Board of Directors and the Unilever Leadership Executive.

Fernando Fernandez, Unilever’s Chief Executive Officer, expressed strong confidence in the appointment, noting: “Srinivas has been a trusted partner over the past six months as acting CFO and for many years within the leadership team. He brings discipline in finance, clarity in strategy, and a strong focus on value creation. His leadership will be instrumental in driving sustainable volume growth, enhancing margins, and advancing our long-term growth plans. Together, we are building a scalable marketing and sales platform that delivers executional excellence across every channel.”

In addition to his new responsibilities at Unilever, Srinivas continues to serve as an Independent Non-Executive Director at Coats Group plc.

Unilever also outlined details of Srinivas’s remuneration package, which includes an annual fixed salary of EUR 1.175 million, eligibility for an annual bonus, Performance Share Plan awards, and localisation support, in line with the company’s existing remuneration policy. Full details will be included in the forthcoming Unilever Directors’ Remuneration Report 2025.

This appointment is disclosed in accordance with UK Listing Rule requirements and constitutes a public announcement under Article 17 Paragraph 1 of the European Market Abuse Regulation (596/2014)

Safe Harbour

This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995, including with relation to Unilever’s share buyback, its purpose and timetable. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vision’, ‘ambition’, ‘target’, ‘goal’, ‘plan’, ‘potential’, ‘work towards’, ‘may’, ‘milestone’, ‘objectives’, ‘outlook’, ‘probably’, ‘project’, ‘risk’, ‘seek’, ‘continue’, ‘projected’, ‘estimate’, ‘achieve’ or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current beliefs, expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the ‘Group’). They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.

Because these forward-looking statements involve known and unknown risks and uncertainties, a number of which may be beyond the Group’s control, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are based upon current beliefs, expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.

The forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Further details of potential risks and uncertainties affecting the Group are described in the Group’s filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Annual Report on Form 20-F 2024 and the Unilever Annual Report and Accounts 2024 available on our corporate website www.unilever.com.

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SOURCE: Unilever