Kenvue appoints Amit Banati as its new Chief Financial Officer
Mr. Banati brings three decades of experience in finance and operations within the consumer products industry.
USA – Kenvue, a consumer health company specializing in personal care and wellness products, has named Amit Banati as the company’s Chief Financial Officer, effective May 12, 2025.
Banati will lead the company’s Finance and Strategy functions, supporting efforts to drive profitable growth and enhance shareholder value.
He succeeds Paul Ruh, who will stay on temporarily to support a seamless transition following a comprehensive search process.
Thibaut Mongon, Chief Executive Officer at Kenvue, stated, “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.”
Mr. Banati brings three decades of experience in finance and operations within the consumer products industry, most recently serving as Vice Chairman and CFO of Kellanova.
His career includes leadership roles at Mondelez International, Cadbury Schweppes, and Procter & Gamble, with extensive international experience across Asia Pacific, the Middle East, India, and Africa.
In addition to the roles, Banati has a strong track record of driving profitable growth and leading large-scale businesses.
Mr. Mongon added, “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 organisations into the future.”
Q1 FY25 financial highlights
Kenvue has reported its first-quarter 2025 financial results, reflecting a mixed performance amid evolving market conditions.
The company’s net sales declined by 3.9% compared to the previous year, with organic sales falling by 1.2%.
This decline was primarily driven by strategic price investments and a 0.9% drop in volume, alongside a foreign currency headwind of 2.7%.
Despite the revenue dip, Kenvue’s gross profit margin improved to 58.0%, up from 57.6% in the prior year, due to supply chain optimization initiatives.
The company’s operating income margin rose to 14.9%, compared to 14.1% in the previous year, while its adjusted operating income margin declined to 19.8% from 22.0%.
In addition, Kenvue has updated its full-year 2025 outlook, factoring in incremental tariff costs and foreign exchange fluctuations, which are expected to impact overall financial performance.
The company expects a 1%-3% year-over-year net sales increase.
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