Wishing Mr. Amit Banati greater responsibilities and exciting challenges in this impressive new chapter!
In a strategic leadership move, Kenvue, the parent company of Neutrogena, has officially announced the appointment of Amit Banati as its new Chief Financial Officer, effective May 12. Banati takes over from Paul Ruh, who will continue with the company briefly to ensure a smooth and seamless handover.
Banati brings with him over three decades of deep expertise in finance and operations within the consumer goods sector. He previously served as Vice Chairman and CFO at Kellanova, formerly known as Kellogg Company. His professional journey includes influential roles at Kraft Foods, Cadbury Schweppes, and Procter and Gamble, where he left a legacy of strong financial stewardship and operational excellence.
At Kraft Foods, Banati played a key role in driving strategic growth across North Asia and led the regional integration following the company’s merger with Cadbury. His leadership at Cadbury Schweppes saw him overseeing operations across the Pacific, including Australia, New Zealand, Japan and Singapore. Earlier, at Procter and Gamble, he spent nearly 15 years in finance, eventually taking on the role of CFO for the Asean, Australia, India and Singapore region in the health and beauty division.
As the newly appointed CFO of Kenvue, Banati will guide the company’s financial and strategic agenda, focusing on boosting profitability and enhancing shareholder value.
Welcoming him to the role, Kenvue CEO Thibaut Mongon said, “We are thrilled to welcome Amit to Kenvue and look forward to leveraging his deep industry expertise and business transformation experience as we continue to focus on accelerating Kenvue’s profitable growth and delivering value for shareholders.”
He further added, “With much of the work to establish Kenvue as an independent company completed and our strengthened commercial and operational foundations in place, now is the right time for a CFO transition. Amit is a world-class executive with a proven track record across both financial and operational roles and the ideal person to further support our efforts to work differently and move faster and lead our Finance and Strategy organizations into the future.”
Kenvue, based in New Jersey and home to iconic brands like Aveeno and Johnson’s, reported $15.5 billion in annual sales in 2024, a figure that remained steady amidst modest market conditions.
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