Overview
- The board accepted Berry’s resignation on November 10 and waived his contractual notice period, relieving him at close of business the same day.
- Rakshit Hargave, most recently CEO of Birla Opus under the Aditya Birla Group, has been appointed Managing Director and CEO effective December 15, 2025.
- Executive Director and CFO N. Venkataraman holds additional charge as interim CEO until Hargave joins.
- Britannia’s stock dropped sharply in early trade by as much as 6.7% on Tuesday before closing about 3% lower on the BSE and NSE.
- The leadership shift follows the board’s recent push to evolve Britannia into a global total foods company focused on innovation, diversification, cost efficiencies, and international expansion.