Appointments
HUL appoints Niranjan Gupta as CFO, succeeding Ritesh Tiwari
Niranjan Gupta began his career with HUL and spent 20 years across several leadership roles in the company.
Hindustan Unilever Limited (HUL) has announced a key leadership change, appointing Niranjan Gupta as its next Chief Financial Officer (CFO) and Executive Director, Finance, effective November 1, 2025, subject to necessary approvals. Gupta will join the HUL Management Committee from September 1, 2025, and report to Priya Nair, CEO & MD, HUL.
This transition marks a significant moment for HUL, as Gupta returns to the company where he began his career, bringing with him decades of leadership experience across finance, strategy, and operations.
Gupta will take over from Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer (CFO), HUL, and join the HUL Board from November 1, 2025, subject to necessary approvals.
Gupta began his career with HUL and spent 20 years across several leadership roles in the company. A seasoned business leader, Gupta brings strong experience across finance, mergers and acquisitions, supply chain, and strategic roles in diverse industries.
Following his stint with HUL, he spent three years at Vedanta Limited and then joined Hero MotoCorp in 2017 as CFO. He was subsequently elevated as the CEO in 2023. Gupta played a pivotal role in strengthening the financial health of their business, creating a strategy for the long term and establishing strategic partnerships, including a collaboration with Harley Davidson.
Tiwari took over as Executive Director, Finance and CFO of HUL in 2021 and helped steer the company through the COVID pandemic, ensuring sustained growth while protecting the financial growth model. Ritesh allocated capital in line with the company’s strategic priorities to drive competitive volume-led growth amid volatile market conditions. He led key acquisitions, disposals, and partnerships that have helped sharpen the portfolio and making HUL future-ready. More recently, he steered the Ice Cream business demerger into Kwality Walls (India) Limited, paving the way for its independent listing, subject to regulatory approvals.
Priya Nair, CEO & MD, HUL, said, “I would like to thank Ritesh for his future-focused leadership and invaluable contribution to HUL. He led our portfolio transformation efforts, aligning resources to high-growth areas resulting in strong market share gains. His elevation to the global role is yet another testament to HUL’s strong leadership pipeline. I am pleased to welcome Niranjan back to Hindustan Unilever and I am confident that he will play a pivotal role in steering the company towards its next phase of growth”.
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