Kenvue Inc. has announced the appointment of Amit Banati as chief financial officer, effective immediately. Banati will be responsible for overseeing the finance and strategy functions, supporting initiatives aimed at accelerating profitable growth and delivering value to shareholders.
Banati succeeds Paul Ruh, who will remain with the company for a brief period to help ensure a smooth transition.
Banati is a 30-year consumer products company finance and operations veteran, having served most recently as vice chairman and chief financial officer of Kellanova (previously Kellogg Company), and holding finance and operating leadership roles at Kraft Foods (now Mondelez International), Cadbury Schweppes and Procter & Gamble.
He has experience overseeing operations outside the U.S., including in Asia Pacific, the Middle East, India and Africa, and has successfully delivered profitable growth and executed enterprise-wide business transformations.
“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,” Thibaut Mongon, chief executive officer, said. “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.”
“I am excited to join Kenvue with its global scale and portfolio of iconic consumer health brands,” Banati said. “My focus as CFO will be supporting revenue growth through stronger data management and resource allocation, driving continued margin and cost profile improvement efforts, strengthening cash flow, and fostering greater agility, including better integrated business planning and improved financial forecasting. With the talented Kenvuers around the world, we can maximize benefits of the Company’s increased brand investments and accelerate growth across Self Care, Skin Health and Beauty, and Essential Health to create sustainable value for shareholders.”
Mongon added, “On behalf of the entire organization and our Board of Directors, I thank Paul for his many contributions in helping execute one of the largest separations in public company history to establish Kenvue as a standalone leader in consumer health. He stood up the Our Vue Forward transformation program and helped shape our P&L to allow us to invest more behind our brands, setting the stage for accelerated growth. We wish Paul all the best in his next chapter.”
