INDIA – SLMG Group, the largest independent bottler of Coca-Cola in India and SouthWest Asia, has named Costin Mandrea as the Chief Executive Officer of its Coca-Cola operations.  

With over 25 years of experience in the beverage industry, Mandrea brings a wealth of expertise and strategic vision to his new role. 

Having held key leadership positions at Coca-Cola Bottling System in Western and Central Europe, Russia, and Japan, Mandrea’s expertise lies in driving business growth through company-wide transformation, sales force operations, customer engagement, and route-to-market strategies. 

S N Ladhani, Chairman and Managing Director of Coca-Cola SLMG, expressed his satisfaction at Mandrea’s appointment, stating, “We welcome Costin Mandrea aboard as the CEO of SLMG Group. His proven track record of leadership and strategic acumen makes him a perfect fit to lead our company into its next phase of expansion and success.” 

Mandrea’s tenure at Coca-Cola has been characterized by successful transformation initiatives and strategic leadership roles, contributing significantly to the company’s profitability and market presence. 

In response to his new role, Mandrea expressed his excitement, saying, “I am honored and excited to join Coca-Cola SLMG as its Chief Executive Officer. I look forward to collaborating with the talented team and leveraging my experience to drive innovation and growth for the company.” 

SLMG Group, with a turnover of Rs 7,000 crore (US$839,330.10), holds a bottling franchise for Uttar Pradesh and Uttarakhand for Coca-Cola, producing and distributing products including carbonated soft drinks, juices, and packaged drinking water. 

Earlier this year, SLMG announced plans to invest ₹3,000 crore (US$359,718.60) in 2024 to expand capacity in its existing territories and towards its entry into the Bihar market. 

In 2023, the bottler recorded a 6 percent growth in net revenue to US$45.8 billion, with organic revenues growing by 12 percent.  

Developing and emerging markets grew by 2 percent, driven by growth in India and Brazil, which partially offset the suspension of its business in Russia in 2022. 

The company expects to generate about US$9.2 billion in free cash flow in 2024, with lower capital expenditure of about US$2.2 billion. 

 

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. HERE