HUL Says Ritesh Tiwari Remains CFO, Denies Report Of Leadership Change

Hindustan Unilever Ltd. on Friday said Ritesh Tiwari continues to serve as its Chief Financial Officer and Executive Director, dismissing media reports suggesting his likely exit from the role.

The clarification came after CNBC-TV18 reported that Tiwari may step down and move to a global role. “At HUL, we consistently nurture talent and groom leaders as part of our ongoing talent development process,” the company said in an exchange filing.

The clarification follows a leadership transition at the top. On Thursday, the company announced that CEO and MD Rohit Jawa will step down at the end of this month, and Priya Nair will succeed him from August 1.