Unilever appoints Indian-origin Srinivas Phatak as new CFO: Here's how much salary he will get

Group 1 - Indian-origin executive Srinivas Pathak has been appointed as the new Chief Financial Officer of Unilever PLC, replacing Fernando Fernandez, who has been promoted to Chief Executive Officer [1] - Phatak has been serving as the acting CFO since March 2023 and was previously the Deputy Chief Financial Officer and Group Controller [2] - The Unilever Board unanimously agreed that Phatak is the best candidate for the CFO role due to his strong industry experience and performance as acting CFO [2] Group 2 - Srinivas Phatak will receive an annual fixed pay of €1.2 million ($1.4 million) along with eligibility for an annual bonus and performance share plan awards [3] - Phatak is a Chartered Accountant and has over 25 years of experience with Unilever, having held various finance and commercial roles [4] - He was previously CFO for Hindustan Unilever Limited and played a key role in Unilever's enterprise-wide transformation projects [4] Group 3 - Phatak steps into the CFO position at a pivotal time as Unilever prepares to spin off its ice cream business and streamline management to bolster margins [5]