FMCG major Marico has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another two-year term, as announced by the company’s board on Friday. Gupta’s renewed term will commence on April 1, 2024.
On Friday, during a meeting, Marico’s board approved the renewal of Saugata Gupta’s tenure as Managing Director and Chief Executive Officer for a two-year period starting from April 1, 2024, until March 31, 2026.
After joining Marico in 2004 as the Head of Marketing, he was appointed as the CEO of India Business in 2007. In 2014, he was promoted to the position of Managing Director of the company.
In addition, Marico’s board has designated Rajan Bharti Mittal as an independent director for a period of five years, starting from July 1, 2023, until June 30, 2028.
As the Vice-Chairman of Bharti Enterprises, which has various business interests in Telecom, Space Communications, Digital Solutions, Financial Services, Real Estate, and Agri-Processed foods, Rajan Bharti Mittal has an extensive background in India’s leading conglomerates.
As per the announcement, both appointments are subject to the approval of the shareholders.
