INDIA – Fonterra Future Dairy, the joint venture between the global dairy and nutrition company, Fonterra and consumer goods firm Future Consumer, has appointed Ishmeet Singh its new Chief Executive Officer effective January 7, 2019.
Singh joins Fonterra Future Dairy from Mattel, largest toy manufacturer in the world, as its country manager for India and the SAARC region.
Previously, he held the role of Business Head at Vodafone India for over 5 years, leading remarkable revenue growth and retail expansion in many circles including Mumbai and Maharashtra.
Singh had also worked with Hindustan Unilever and Coca-Cola in the last 25 years.
“We’re delighted to have someone of Ishmeet’s caliber to lead the business.
As a sales and marketing professional at heart, we see him being instrumental in helping us build a brand that Indians love,” said Ashni Biyani, managing director of Future Consumer and Board Member of Fonterra Future Dairy.
According to the company statement, Singh is a physics graduate, has a Master’s in Management Studies from Mumbai’s Sydenham Institute and was a member, Western Region Committee of the American Chamber of Commerce.
Fonterra’s Managing Director of Sri Lanka and the Indian Subcontinent, Chairman of Fonterra Future Dairy, Sunil Sethi said: “As our exciting growth phase picks up steam, it is critical that people with the right experience, values and drive are in place to steer the business forward.
We are in the process of putting together a first-class team to build a fantastic legacy for the business.
Through the ambition we have set, we believe the learning experience and possibilities here at Fonterra Future Dairy are limitless.
Ishmeet is a proven and highly accomplished professional with a passion for leading teams to transformative success and growth.
With his vision and deep personal commitment to society, we are confident that he will bring immense value in delivering on our ambition.”
Future Group signed a joint venture with Fonterra Co-operative Group last year to produce a range of consumer and dairy products for the Indian market.
The 50:50 JV aims to open around 1,000 stores across India, while offering virtual services.