Marico to demerge, list Kaya Skin Care biz
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.
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