Britannia appoints Rajneet Kohli as CEO

Britannia appoints Rajneet Kohli as CEO


Rajneet Kohli will report to Managing Director Varun Berry.

Bengaluru:

Britannia Industries, which makes popular Good Day and Tiger biscuits, on Friday said 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 at Domino’s India, operated by Jubilant FoodWorks, a food service company. He also held senior leadership roles at Asian Paints Limited and The Coca-Cola Company.

His appointment to the role of a newly created CEO at Britannia reportedly comes at a time when the industry is grappling with margin concerns amid rising inflation.

Britannia reported a 13.4% fall in June-quarter profits in August, missing analysts’ estimates, as spending jumped.

Mr. Kohli will report to Managing Director Varun Berry, who was also given the role of Vice President.

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

Britannia, more than 100 years old, is present in more than 80 countries in North America, Europe, Africa, Southeast Asia and the Middle East. Household names also make cakes, breads and dairy products.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Indian Lekhak

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