Top 5 CFO Moves in June 2025

Current uncertain global possibilities and new technologies are rapidly changing the business world, and the Chief Financial Officer (CFO) is undergoing a large change in his role. The CFOs of today are not just capable of handling the financial part of the business, but they are also expected to lead the introduction of digital innovation, fast financial planning, and development of strategic operations that are in-sync with the changed market situation. Such a transition of the role of CFOs is diversifying their employment opportunities in different sectors.

Here are five leading CFO movements in June 2025.

1: Procter & Gamble Hygiene and Health Care

Mrinalini Srinivasan leaves the company and is succeeded by Gaurav Bhartia. On June 23, the company announced that Mrinalini Srinivasan has tendered her resignation as the CFO of the company, effective from June 30, 2025. She is leaving P&G to pursue other interests outside the company. Srinivasan joined the company in 2008.  

Gaurav Bhartia will succeed her, as announced by the company, effective from July 1, 2025.

Bhartia currently leads sales finance for P&G India. With over a decade of experience with P&G, across multiple categories and markets, Bhartia has been with P&G since the beginning of his career. After an internship stint with P&G, he joined P&G full-time in 2014 as a graduate from IIM Bangalore. He holds a B.Tech. degree from the National Institute of Technology, Trichy.

2: Jindal Stainless

Tarun Kumar Khulbe takes on an additional role at the company as CFO. Jindal Stainless announced that its CEO & Whole-time Director, Tarun Kumar Khulbe, will be taking on additional responsibility as the CFO of the company with effect from June 25, 2025. He has over 35 years of experience and has played an instrumental role in steering Jindal Stainless towards operational excellence and strategic growth.

Anurag Mantri, former CFO of Jindal Stainless, joins Glenmark Pharmaceuticals as Group CFO. In March, the company announced the resignation of Anurag Mantri from the post of Executive Director and Group CFO. He ceased to be the Executive Director and Group CFO with effect from April 4, 2025. He worked at the company for more than 8 years and has now moved up the ladder, becoming Executive Director and Global CFO of Glenmark Pharmaceuticals for a term of 5 consecutive years, effective from May 27, 2025, to May 26, 2030 (liable to retire by rotation).

3: Everest Industries

Rajesh Gagrani has been appointed the CFO at Everest Industries. Gagrani joins Everest Industries as CFO as the company enters the next phase of growth and transformation. He has over 25 years of experience and has worked in companies like Best Value Chem, Kalpataru Power Transmission, Hitachi Hi-Rel Power Electronics, ABB India, and so on. He is a chartered accountant and graduated from the Indian Institute of Management, Ahmedabad.

4:  UCO Bank

Sumit Khandelwal has been elevated as the CFO of UCO Bank. Sumit Khandelwal has been designated as the CFO of the bank. Before this role, he was Zonal Head in New Delhi. He is succeeding Sujoy Dutta.

With over 15 years of experience, Khandelwal holds a bachelor's degree in commerce and a bachelor's degree in law. He is also a chartered accountant, cost accountant, and a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).

5: Forbes & Company 

Pavan Somani will serve as the interim CFO of the company with effect from June 27, 2025. He is a chartered accountant and a cost accountant with over 17 years of diverse experience. Somani has been with Forbes & Company for the last 7 years in different capacities, like his current role as Corporate Finance Controller.