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 necessary approvals. In this position, he will report to Priya Nair, CEO & MD, HUL. Niranjan Gupta is the ex-CEO of Hero MotoCorp, having stepped down from the position with effect from April 30, 2025.
CNBC-TV18 reported on July 11 that Ritesh Tiwari would be stepping down as HUL CFO to take on a global role. HUL also announced that Ritesh Tiwari has been appointed as Global Head of M&A and Treasury, Unilever Plc, effective November 1, 2025, and will be based in London.Ritesh
took over as Executive Director, Finance and CFO of HUL in 2021. The company said in a statement that Tiwari helped steer the company through the COVID pandemic, ensuring sustained growth while protecting the financial growth model.
“Ritesh 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 in sharpening the portfolio and making HUL future-ready. More recently, he steered the Ice Cream business demerger into Kwality Walls (India) Limited, paving the way for its independent listing, subject to regulatory approvals,” the company said in a statement.\
Niranjan, who will be succeeding Tiwari, 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.
Following his stint with HUL, he spent three years at Vedanta Limited and then joined Hero MotoCorp in 2017 as CFO. He was subsequently elevated as the CEO in 2023. Niranjan played a pivotal role in strengthening the financial health of the business, creating a strategy for the long term and establishing strategic partnerships, including a collaboration with Harley-Davidson.
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.”
(Edited by : Sheersh Kapoor)
