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RNS Number : 4226Z  Unilever PLC  16 September 2025

Unilever PLC

Unilever announces new Chief Financial Officer

 

Unilever PLC today announces the appointment of Srinivas Phatak as its new
Chief Financial Officer ("CFO") after a thorough internal and external search
process. Srinivas's appointment as CFO, and to the Board and Unilever
Leadership Executive. is effective immediately.

 

In February 2025, Unilever PLC announced that Srinivas, who was Deputy Chief
Financial Officer and Group Controller at the time, would become acting CFO
and that a full search would be initiated to appoint a permanent CFO.

 

Following that process, the Unilever Board is in unanimous agreement that
Srinivas is the best candidate for the role, due to the strength of his
industry and functional experience and having performed strongly as acting
CFO.

 

Fernando Fernandez, Chief Executive Officer, said: "Srinivas has been a great
partner over the last six months as acting CFO and over many years as part of
the Unilever leadership team. He brings financial rigour, strategic clarity,
and a sharp eye for value creation. His leadership and constructive challenge
will be very valuable in driving consistent volume growth, margin expansion,
and advancing our growth story. I'm confident that, together with the team, we
can build a scalable marketing and sales engine that delivers executional
excellence across all channels."

 

Srinivas is currently Independent Non-Executive Director on the board of Coats
Group plc. There are no further details required to be disclosed by UK Listing
Rule 6.4.8R.

 

Details regarding Srinivas's remuneration arrangements are set out below.

 

This announcement is made in accordance with UK Listing Rule 6.4.6R.

 

CFO Remuneration

 

Srinivas will receive annual fixed pay of EUR1.175m, be eligible to receive
annual bonus and Performance Share Plan awards, and localisation support, all
in line with Unilever's existing remuneration policy. Further information will
be provided in the Unilever Directors' Remuneration Report 2025.

 

This announcement contains inside information. This is a public announcement
pursuant to Article 17 Paragraph 1 of the European Market Abuse Regulation
(596/2014), including as it forms part of UK law.

 

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For further information, please contact:

 

Investor Relations: Investor.Relations@unilever.com
(mailto:Investor.Relations@unilever.com)

Unilever Press Office: Press-Office.London@unilever.com
(mailto:Press-Office.London@unilever.com)

 

Cautionary Statement

 

This announcement may contain forward-looking statements, including
'forward-looking statements' within the meaning of the United States Private
Securities Litigation Reform Act of 1995, of the Unilever Group (the "Group").
All statements other than statements of historical fact are, or may deemed to
be, forward-looking statements. Words such as 'will', 'aim', 'expects',
'anticipates', 'intends', 'looks', 'believes', 'vision', 'ambition', 'target',
'goal', 'plan', 'potential', 'work towards', 'may', 'milestone', 'objectives',
'outlook', 'probably', 'project', 'risk', 'seek', 'continue', 'projected',
'estimate', 'achieve' or the negative of these terms, and other similar
expressions of future performance or results and their negatives, are intended
to identify such forward-looking statements. Forward-looking statements can
also include, but are not limited to, statements and information regarding the
Group's emissions reduction and other sustainability-related targets and other
climate and sustainability matters (including actions, potential impacts and
risks and opportunities associated therewith). Forward-looking statements can
be made in writing but also may be made verbally by directors, officers and
employees of the Group in connection with this announcement. These
forward-looking statements are based upon current expectations and assumptions
regarding anticipated developments and other factors affecting the Group. They
are not historical facts, nor are they guarantees of future performance or
outcomes. All forward-looking statements contained in this announcement are
expressly qualified in their entirety by the cautionary statements contained
or referred to in this section. Readers should not place undue reliance on
forward-looking statements.

 

Because these forward-looking statements involve known and unknown risks and
uncertainties, a number of which may be beyond the Group's control, there are
important factors that could cause actual results to differ materially from
those expressed or implied by these forward-looking statements.

 

The forward-looking statements are based on our beliefs, assumptions and
expectations of our future performance, taking into account all information
currently available to us. Forward-looking statements are not predictions of
future events. These beliefs, assumptions and expectations can change as a
result of many possible events or factors, not all of which are known to us.
If a change occurs, our business, financial condition, liquidity and results
of operations may vary materially from those expressed in our forward-looking
statements.

 

The forward-looking statements speak only as of the date of this announcement.
Except as required by any applicable law or regulation, the Group expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Group's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based. New
risks and uncertainties arise over time, and it is not possible for us to
predict those events or how they may affect us. In addition, we cannot assess
the impact of each factor on our business or the extent to which any factor,
or combination of factors, may cause actual results to differ materially from
those contained in any forward-looking statements.

 

Further details of potential risks and uncertainties affecting the Group are
described in the Group's filings with the London Stock Exchange, Euronext
Amsterdam, and the US Securities and Exchange Commission, including in the
Annual Report on Form 20-F 2024. The Annual Report on Form 20-F 2024 is
separately filed with the US Securities and Exchange Commission and both the
Annual Report on Form 20-F 2024 and the Unilever Annual Report and Accounts
2024 are available on our corporate website: www.unilever.com
(http://www.unilever.com) .

 

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