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.
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.
“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.
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