Tata Consumer Products (TCP), the conglomerate overseeing the primary food and beverage ventures within the Tata Group, has announced the appointment of Ashish Goenka as the Group Chief Financial Officer. This decision aligns with the company’s commitment to building a forward-looking organization and strengthening its overall capabilities.
In his new role, Ashish will take on the responsibility of leading the Integrated Finance function, which involves supervising group accounts and finance, managing investments, overseeing capital structuring, forecasting, and budgeting. Moreover, he will offer strategic guidance to the company, formulating and implementing annual, mid-term, and long-term growth plans for the organization. His scope of responsibility will extend to encompass Strategy and M&A, Legal, Secretarial and Compliance, Investor Relations and Communications, Internal Audit, as well as Risk Management functions. Based in Mumbai, he will directly report to Sunil D’Souza, the Managing Director and CEO of Tata Consumer Products.
Drawing upon more than twenty years of experience in the finance domain, Ashish is making a transition from his current position as President and CFO at Jubilant Foodworks Limited. His prior senior leadership roles encompass positions held at Hindustan Unilever and Bharti Airtel.
Sunil D’Souza, MD, and CEO of Tata Consumer Products said, “We are excited to welcome Ashish to the leadership team at Tata Consumer Products. A strong Integrated Finance function aligned with the company’s strategic objectives will be critical in enabling Tata Consumer’s journey to becoming a best in class FMCG company. Ashish’s expertise will help us further strengthen and build future capability for the function.”
The statement additionally recognized the retirement of L Krishnakumar from Tata Consumer Products on October 31st, 2023, expressing gratitude for his two-decade commitment to constructing and strengthening the Finance function. Krishnakumar played a crucial role in the company’s evolution from a single-category, single-country tea entity to its present status as a broad-ranging, multi-country, multi-category Fast-Moving Consumer Goods (FMCG) player. Krishnakumar will remain in the capacity of a Senior Advisor until March 31st, 2023, and Ashish will collaborate closely with him during this period to ensure a smooth transition.