Britannia Names Rajneet Kohli As CEO

Bengaluru:

Britannia Industries, maker of the popular Good Day and Tiger Biscuits, said on Friday that it has appointed Rajneet Kohli as its Chief Executive Officer with effect from September 26.

Mr. Kohli is currently the President and Chief Business Officer of Domino’s India, which is operated by food service company Jubilant Foodworks. He has also held senior leadership roles at Asian Paints Limited and The Coca-Cola Company.

His appointment, which is reportedly a new CEO role at Britannia, comes at a time when the industry is grappling with margin concerns amid rising inflation.

Britannia in August reported a 13.4 percent drop in profit from the June quarter, missing analysts’ estimates, as costs rose.

Mr Kohli will report to managing director Varun Barry, who has also been given the role of vice chairman.

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

Britannia, more than 100 years old, has a presence in more than 80 countries in North America, Europe, Africa, Southeast Asia and the Middle East. The household name also makes cakes, bread and dairy products.

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