Britannia appoints Rajneet Kohli as CEO


Rajneet Kohli will report to Managing Director Varun Berry.


Britannia Industries, maker of the popular Good Day and Tiger cookies, said Friday it has appointed Rajneet Kohli as chief executive officer, effective Sept. 26.

Mr. Kohli is currently president and chief business officer at Domino’s India, which is run by foodservice company Jubilant FoodWorks. He had also held leadership positions at Asian Paints Ltd and Coca-Cola Co.

See also  Stocks making the biggest moves in the pre-market: Nike, Micron, Amylyx and others

His appointment to what is reportedly a newly created CEO position at Britannia comes at a time when the industry is grappling with margin problems amid soaring inflation.

Britannia reported a 13.4% decline in June profits in the August quarter, excluding analyst estimates, as costs rose.

Mr Kohli will report to Managing Director Varun Berry, who has also been given the role of Vice-Chairman.

See also  Now is not the time to lift the limit on bank bonuses

“Rajneet’s proven track record of scaling businesses and building highly engaged teams makes him a perfect fit for the organization,” Berry said in a statement.

Britannia, over 100 years old, is present in more than 80 countries in North America, Europe, Africa, Southeast Asia and the Middle East. The well-known name also makes cakes, bread and dairy products.

(You can, follow The AU Times staff and has been published Platforms.)

See also  Next lowers earnings forecasts in gloomy high street warning



Please enter your comment!
Please enter your name here