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 presently 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 hovering 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 confirmed monitor file of scaling up companies and constructing extremely engaged groups makes him an ideal match for the group,” Berry stated in a press release.
Britannia, over 100 years previous, is current in additional than 80 nations throughout North America, Europe, Africa, Southeast Asia and the Center East. The family identify additionally make muffins, bread and dairy merchandise.
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