On Monday, Marico, a leading player in the FMCG (Fast-Moving Consumer Goods) industry, announced that Sanjay Mishra, currently serving as the Chief Operating Officer for the India business and CEO of the new business division, will be resigning from his role. Mishra’s final day of work with the company will be December 15th.

Vaibhav Bhanchawat, currently serving as the COO for South East Asia and South Africa, is set to assume the role of COO for the India business starting from October 1. In his new capacity, Bhanchawat will oversee the India business’s sales, manufacturing, supply chain, and food division.

In 2020, he assumed the role of Executive Vice President and Business Head for South-East Asia. During his tenure, he played a pivotal role in revitalizing Marico’s South East Asia (SEA) operations through a highly effective Go-To-Market Model. The company, as reported in a stock exchange filing, credited him with spearheading essential transformation initiatives and expanding the product range in the region.

Additionally, Ashish Goupal, currently serving as the COO for Marico Bangladesh, MENA (Middle East and North Africa), and New Country Development, will be appointed as the CEO of the international business division. In this new role, he will be responsible for overseeing all international markets within the company, which encompasses South East Asia and South Africa, among others.