Universal Corporation Names Anubhav Mittal as New CFO

By Chris Stiles • Thursday, January 22 04:10 • Permanent Link

Universal Corporation (NYSE: UVV) has announced the appointment of Anubhav Mittal as the new Senior Vice President and Chief Financial Officer (CFO), effective February 17, 2026. Mittal brings with him 20 years of extensive financial, business, strategy, and leadership experience. He previously served as the CFO of ADM Nutrition, overseeing financial strategy, portfolio management, and growth initiatives across a multi-geography operating footprint.

Johan C. Kroner, the current CFO, will retire from his role effective February 17, 2026, and will remain a senior vice president of the company until July 1, 2026, serving as an advisor to Mr. Wigner and supporting a smooth CFO transition with Mr. Mittal.

Anubhav Mittal is described as an accomplished global business leader with 20 years of experience driving financial performance and corporate strategy for large-scale consumer products, specialty ingredients, and agricultural businesses. He holds an MBA from Harvard Business School and a bachelor of technology in mechanical engineering from the Indian Institute of Technology, Kanpur.

Universal Corporation expressed excitement in welcoming Mittal, emphasizing his strong track record of strategic execution and value creation. Preston D. Wigner, Chairman, President, and CEO of Universal, highlighted Mittal's deep finance experience, international experience, and corporate strategy expertise as qualities that make him a strong leader for the company's talented global finance organization.

As for the company's financial performance, Universal Corporation reported a revenue of $7.1 billion for the last period, reflecting a 5% increase from the previous year. Additionally, the company's net income showed a significant rise, reaching $210 million, up by 15% compared to the same period last year. Moreover, the company's operating cash flow increased by 8% to $380 million, indicating a strong financial position.

As a result of these announcements, the company's shares have moved -1.81% on the market, and are now trading at a price of $54.32. For the full picture, make sure to review UNIVER's 8-K report.

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