Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at their Meeting held today i.e., 8th May, 2025, have designated Mr. Varun Berry (DIN: 05208062) as the Chief Executive Officer of the Company with effect from 8th May, 2025, in terms of Regulation 26A of the SEBI Listing Regulations, 2015, in addition to his current role as the Executive Vice-Chairman and Managing Director of the Company. Accordingly, he will be re-designated as the Executive Vice-Chairman, Managing Director and Chief Executive Officer of the Company.
BRITANNIA · price
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Britannia Industries has re-designated Mr. Varun Berry as the Executive Vice-Chairman, Managing Director and Chief Executive Officer with effect from 8th May 2025. He was already serving as the Executive Vice-Chairman and Managing Director, and the Board has now added the CEO designation on the recommendation of the Nomination and Remuneration Committee. There is no change in his existing terms and conditions of appointment, which were originally approved by shareholders at the August 2023 AGM. Mr. Berry holds an engineering degree from Punjab University, has over 38 years of experience across companies like Hindustan Unilever and Pepsico, and has been with Britannia since 2013.
This is an internal re-designation consolidating leadership responsibilities under one person rather than bringing in a new CEO from outside, suggesting continuity in strategy and governance with no immediate material impact on shareholders.