Britannia may soon have a lady CEO from abroad

By SiliconIndia   |   Thursday, 27 May 2004, 07:00 Hrs
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MUMBAI: Britannia Industries is planning to appoint a CEO shortly to succeed Sunil Alagh, who quit the company last year following differences with the promoters.

The Wadias and French foods major Groupe Danone — the promoters — have shortlisted around five Indian professionals working abroad to head the top slot at Britannia Industries, reports Economic Times.

Industry sources said, Nikhil Sen, the COO of the company, will continue to remain in the same post. Though the promoters are yet to finalise the names, a woman executive working in the US-based service industry is tipped to be a hot contender.

Industry sources said, other names are mainly from the FMCG industry. Wadia group chairman Nusli Wadia and representatives from Groupe Danone are expected to sit together and finalise the names in a couple of days. The promoters have appointed two head-hunters to zero-in on a suitable successor for Sunil Alagh, who made Britannia a marketing success.

Britannia has been recently filling up the top slots in a clear indication of bringing fresh faces into the top management. For instance, N Shridhar has recently joined as the CFO of the company. The buzz about the appointment of the new CEO is gaining ground at a time when the promoters are on the verge of finalising a settlement package for Sunil Alagh. u Related report on P 6

“Auditors have finalised the package. It will be completed in a couple of days,” said a source familiar with the matter.

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