Unilever's Vivek Patankar joins Snapdeal as SVP

By afaqs! news bureau , afaqs!, Mumbai | In Digital | April 24, 2015
Patankar was earlier leading the financial planning and analytics vertical for Unilever Plc, London.

Snapdeal has appointed Vivek Patankar as senior vice president - finance. Patankar was previously leading the financial planning and analytics vertical for the entire business of Unilever Plc, worth 50 billion euros, in London.

Vivek Patankar

Kunal Bahl

Financial decisions play a crucial role in a growing company like Snapdeal. Patankar, with his rich experience in business partnering, financial planning and analysis, supply chain and corporate strategy, will help align the company's financial decisions with the business objectives. He comes with over 12 years of experience.

Prior to moving to Unilever headquarters, he was the chief finance officer for the Lakme business of Unilever, where he supported the business turnaround and store expansion. He was instrumental in streamlining the company's financial planning & quarterly rolling forecast process. Prior to his stint at Unilever, Patankar has also worked with top blue chip organisations like General Electric and Marico.

He holds a Master's degree in Business Administration (Finance) from Jamnalal Bajaj Institute of Management Studies and is a qualified Chartered Accountant.

Commenting on Patankar's appointment, Kunal Bahl, co-founder & CEO, Snapdeal, says, "In our journey to create an impactful enterprise that creates life-changing experiences for millions of our buyers and sellers, judicious financial decisions are imperative for success. Vivek, with his prior experience in establishing and executing key financial processes at very large, respected global institutions, will help us drive sustainable and profitable growth. We welcome him to the Snapdeal family."

"I am excited to be a part of the young and fast growing Snapdeal family. The company has grown rapidly, especially in the last few years. I look forward to using my past experience and contribute towards taking the organisation to the next level in its growth journey," Patankar says.

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