HUL management reshuffle: Niranjan Gupta appointed as new CFO; check details

Gupta will succeed Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer (CFO) of HUL and join the Board from November 2025. He will be reporting to Chief Executive Officer and Managing Director Priya Nair.

Before this, Niranjan Gupta was the CEO of Hero MotoCorp.

Further, Ritesh Tiwari has been appointed as the Global Head of M&A and Treasury, Unilever Plc, effective November 1, 2025, and will be based in London.

“Niranjan began his career with HUL and spent 20 years across several leadership roles in the company. A seasoned business leader, Niranjan brings strong experience across finance, mergers and acquisitions, supply chain, and strategic roles in diverse industries,” HUL said in a regulatory filing.

Ritesh 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.

“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,” said Priya Nair, CEO & MD, HUL.

“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,” Nair further said.

In July this year, HUL had appointed Priya Nair as the MD & CEO of the firm for a tenure of five years after Rohit Jawa stepped down.

On Thursday, shares of Hindustan Unilever settled at ₹2,640 apiece on the National Stock Exchange, declining 1.12%.