Britannia Industries, the maker of the favored Good Day and Tiger biscuits, stated on Friday it has appointed Rajneet Kohli as its chief govt officer, efficient Sept. 26.
Mr Kohli is at the moment president and chief enterprise officer at Domino’s India, run by meals service firm Jubilant FoodWorks. He had additionally held senior management roles in Asian Paints Ltd and Coca-Cola Co.
His appointment to what’s reportedly a newly created CEO function at Britannia comes at a time when the trade is grappling with margin issues amid sore inflation.
Britannia reported a 13.4% fall in June-quarter revenue in August, lacking analyst estimates, as bills jumped.
Mr Kohli will report back to Managing Director Varun Berry, who was additionally given the function of vice chairman.
“Rajneet’s proven track record of scaling up businesses and building highly engaged teams makes him a perfect fit for the organization,” Berry stated in an announcement.
Britannia, over 100 years outdated, is current in additional than 80 international locations throughout North America, Europe, Africa, Southeast Asia and the Middle East. The family title additionally make muffins, bread and dairy merchandise.
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