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2015-04-24

Snapdeal appoints Unilever’s Vivek Patankar as SVP –Finance

Vivek will help align the company’s financial decisions with the business objectives.

In a move to further strengthen its senior management team, Snapdeal, online marketplace has announced that it has appointed Vivek Patankar as Senior Vice President –Finance.

Financial decisions play a crucial role in a growing company like Snapdeal. Vivek with his 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.

Vivek comes with over 12 years of experience. He joins Snapdeal from Unilever Plc, London where he was leading the Financial Planning and Analytics vertical for the entire 50 billion euros business globally.

Prior to moving to Unilever headquarters, Vivek 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 and Quarterly rolling forecast process. Prior to his stint at Unilever, he has also worked with top blue chip organisations like General Electric and Marico.

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

Commenting on Vivek’s appointment, Kunal Bahl, co-Founder & CEO, Snapdeal, said, “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”, said Vivek Patankar.

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