Unilever PLC (LSE:ULVR) has announced that its new permanent chief financial officer will be Srinivas Phatak, who has been in the role on an interim basis since his predecessor was promoted to CEO in February.
The consumer goods giant said the decision had been made after a "thorough internal and external search process".
"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."
Phatak was the Anglo-Dutch group's deputy CFO and group controller before.
CEO Fernando Fernandez 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."
Phatak will receive a base pay of €1.175 million (£1.02 million) and be eligible to receive annual bonus and performance share-based awards.