Srinivas Phatak: Srinivas Phatak is HUL’s new CFO
MUMBAI: Hindustan Unilever (HUL) has announced the appointment of Srinivas Phatak as the new Executive Director, Finance and IT and Chief Financial Officer (CFO) of the company. Phatak, who is currently Vice President, Finance Services, Unilever, will take over from P.B. Balaji who is slated to join Tata Motors as its CFO.
An HUL statement said Phatak will also join the HUL Board of Directors. The appointment will be effective from December 1, 2017.
Phatak, 45, joined the company in 1999 after a brief 3 year stint with an external organization. He has worked in various roles in HUL including Commercial Manager Chiplun Factory, Head of Treasury, followed by leadership roles such as General Manager Finance for Foods & Refreshments and Head, Investor Relations for HUL. He was then seconded to Unilever as the Global Finance VP for Deodorants, followed by VP Finance Supply Chain Americas and most recently as VP Business Finance.
Sanjiv Mehta, CEO & Managing Director, HUL, said, “I would like to welcome Srinivas to the HUL Board and Management Committee and wish him success in his new role. He comes with a rich experience across different areas of the Finance function both in HUL as well as in Unilever. I am sure, he will play a pivotal role in driving our sustainable growth agenda.”
“As CFO of the company, Balaji has contributed immensely to the growth agenda of the Company and has led a successful GST transition. I wish him great success in his future endeavours,” said Mehta.