Britannia elevates Varun Berry as Managing Director
Mar 25 2014 , New Delhi
Berry would be replacing Vinita Bali, who retires as MD of the company with effect from March 31, 2014, Britannia Industries said in a filing to the BSE.
"Bali will be retiring as scheduled as MD of the company with effect from the close of business on March 31, 2014 when she will also cease to be a director of the company," it added.
Further, the board of directors, which met today, has appointed Varun Berry as MD of the company with effect from April 1, 2014, the company said.
Bali would continue to serve on the boards of other Wadia group companies like Bombay Dyeing, Bombay Burmah Trading Corporation and Go Airlines, the company said.
She will also continue to be associated with the Britannia Nutrition Foundation, it added.
Bali had joined the company in 2005, while Berry had joined Britannia in January 2013 from PepsiCo as Chief Operating Officer and was made Executive Director in November 2013.