Hindustan Unilever (HUL) has announced the appointment of Niranjan Gupta as Chief Financial Officer-Designate and member of the HUL Management Committee with effect from September 1, 2025. He 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 approvals.
The company confirmed the change through a regulatory filing. In this position, he will report to Priya Nair, CEO & MD, HUL. Ritesh Tiwari has been appointed Global Head of M&A and Treasury at Unilever Plc, effective November 1, 2025, and will be based in London.
Niranjan began his career with HUL and spent 20 years in several leadership roles at the company. He brings experience across finance, mergers and acquisitions, supply chain, and strategic roles in different industries. After his initial stint at HUL, he worked at Vedanta for three years and later joined Hero MotoCorp in 2017 as CFO. He was elevated as CEO in 2023. At Hero MotoCorp, Niranjan worked on strengthening financial performance, building long-term strategy, and establishing partnerships, including a collaboration with Harley Davidson.
Ritesh took over as Executive Director, Finance and CFO of HUL in 2021 and steered the company through the COVID pandemic while maintaining growth. He oversaw capital allocation in line with strategic priorities, led acquisitions, disposals, and partnerships, and most recently managed the demerger of the Ice Cream business into Kwality Walls (India) Limited, paving the way for its planned independent listing.
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.”
