Marico to demerge, list Kaya Skin Care biz
fe Bureau: Mumbai, Jan 08 2013, 01:25 IST
Marico. He will continue to report to Harsh Mariwala. Vijay Subramaniam, who currently heads the international FMCG business, will take over as CEO of Kaya effective April 1.
Subramaniam will replace Ajay Pahwa, who is leaving Kaya to pursue an entrepreneurial venture.
The company’s finance function will continue to be centrally organised and will act as a shared service group for both Marico and Kaya. Milind Sarwate, group CFO, will continue to report to Mariwala.
On Marico’s restructuring plans, V Srinivasan, FMCG analyst with Angel Broking, said,” With this move, Marico’s management focus would improve on its FMCG business-it will become a pure FMCG player.
Previous Story Tough times ahead, those who come up with better bikes will do well, says Bajaj Next Story Piaggio to launch Vespa versions, expand biz
Reader's Comments| Post a Comment
Be the first to comment.
