Niranjan Gupta named HUL's CFO-designate
Hindustan Unilever
on Thursday named
Niranjan Gupta
its chief financial officer-designate and a member of the management committee with effect September 1.
Gupta, a former chief executive of two-wheeler maker
Hero MotoCorp
who had started his career at HUL, will take over from
Ritesh Tiwari
as executive director-finance and
CFO
on November 1, company said in a news release. Tiwari has been named global head of M&A and treasury at
HUL
parent
Unilever
effective November 1.
Gupta has experience across finance, M&As, supply chain and strategic roles in diverse industries. Following his initial two-decade stint at HUL, he spent three-years at Vedanta and joined
Hero MotoCorp
in 2017 as its CFO. He was elevated to its CEO in 2023. He had played a pivotal role at Hero MotoCorp, strengthening the
financial health
of its business, creating a strategy for the long term and establishing strategic partnerships, including with American motorcycle maker Harley-Davidson. He will report to CEO and managing director Priya Nair.
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Tiwari took over as the finance director and CFO at HUL in 2021 and helped steer the company through the Covid-19 pandemic. In his new role, he will be based out of London.
Tiwari 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 HUL in sharpening its portfolio. More recently, he steered the ice-cream business demerger into Kwality Walls (India) Ltd, paving the way for its independent listing.
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