INDIA- Britannia Industries has appointed Rajneet Singh Kohli as executive director and chief executive officer and elevated Varun Berry as executive vice‐chairman and managing director.
The business stated in an exchange filing that Kohli will report to Varun Berry and that his appointment will take effect on September 26, 2022, for a period of five years.
Rajneet Singh Kohli has held many senior leadership positions for more than 25 years in industries including FMCG & retail.
Prior to joining Britannia, he worked at fast food chain Domino’s Pizza and had previously served as president and chief business officer of Jubilant Food Works (JFL).
Varun Berry, executive vice-chairman and managing director said that he is delighted to welcome Rajneet to Britannia.
“His experience of building high-performance businesses and profitable brands are strongly aligned to our vision of becoming a responsible global total foods company.”
“Rajneet’s proven track record of scaling up businesses and building highly engaged teams makes him a perfect fit for the Organization. I look forward to partnering with Rajneet to lead us to the next phase of growth.”
Rajneet Kohli said that he is excited for what lies ahead of Britannia as one of India’s leading food companies with over a 100-year legacy with an exceptional track record of innovation and serving consumers with exemplary standards.
With revenue of Rs 14,000 crore (US$1B), Britannia Industries produces India’s favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis, Marie Gold, Little Hearts, and others.
The FMCG giant is present in more than 80 countries across North America, Europe, Africa, Southeast Asia, and GCC.
Over 50% of Indian homes are served by Britannia products, which are sold at nearly 5 million retail locations around the nation.
Britannia dairy goods are available in 100,000 stores directly, and the company’s dairy division generates close to 5% of its total income.
Britannia takes pride in having stayed true to its credo, ‘Eat Healthy, Think Better’. Having removed over 8500 tonnes of Trans Fats from products, Britannia became India’s first Zero Trans Fat Company.
The company set up the Britannia Nutrition Foundation in 2009 and began working on a public-private partnership to address malnutrition amongst underprivileged children and women.
Brand Britannia is listed amongst the most trusted, valuable and popular brands in various surveys conducted by prestigious organizations like Millward Brown, IMRB, WPP Group and Havas Media Group to name a few.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE