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Unilever Confirms Srinivas Phatak as CFO, Adds Him to Board

The unanimous choice signals continuity in finance leadership with a mandate to deliver margin gains under CEO Fernando Fernandez.

Overview

  • Phatak’s appointment is effective immediately, and he joins both the Unilever board and the Unilever Leadership Executive.
  • The board said it conducted an internal and external search before unanimously selecting Phatak for the role.
  • He has served as acting CFO since February–March 2025 after previously working as deputy CFO and group controller.
  • Unilever disclosed fixed annual pay of about €1.2 million, with eligibility for an annual bonus and performance share plan awards.
  • The company highlights his role in driving volume growth, margin expansion and execution of near‑term strategic actions, including the planned separation of the ice‑cream business.