Overview
- Britannia said in a regulatory filing that Varun Berry’s resignation is effective at the close of business on November 10, 2025.
- The board approved Rakshit Hargave as managing director and chief executive officer with effect from December 15, 2025.
- Until Hargave joins, executive director and CFO Natarajan Venkataraman will hold additional charge as CEO.
- Berry had offered to serve his notice period, but the board waived it to hasten the leadership transition.
- Hargave previously led Birla Opus, the paints venture of Grasim Industries, while Berry has been with Britannia since 2013 after roles at PepsiCo India and Hindustan Unilever.