Britannia has announced leadership changes, with Mr. Varun Berry resigning as Executive Vice-Chairman, Managing Director, and CEO, effective close of business hours on November 10, 2025. Mr. Rakshit Hargave has been appointed as the new Chief Executive Officer and Managing Director for a 5-year term starting December 15, 2025, subject to shareholder approval. An interim CEO has also been appointed.
Executive Leadership Transition
Mr. Varun Berry has tendered his resignation from the roles of Executive Vice-Chairman, Managing Director, and Chief Executive Officer of Britannia, effective at the end of business on November 10, 2025. The board has accepted the resignation and waived the notice period.
Appointment of New CEO & MD
The board has approved the appointment of Mr. Rakshit Hargave as Chief Executive Officer and Managing Director of the Company. His term is for 5 years commencing on December 15, 2025, pending member approval. Mr. Hargave was previously the Chief Executive Officer of Birla Opus.
Interim CEO Appointment
To ensure smooth continuity until Mr. Hargave’s commencement, Mr. Natarajan Venkataraman has been appointed as the interim Chief Executive Officer, effective immediately, alongside his current role as Executive Director & Chief Financial Officer.
Varun Berry’s Resignation Letter
In his resignation letter dated November 6, 2025, Mr. Berry expressed gratitude for the support received during his 13-year tenure and offered his guidance to Mr. Rakshit during the transition.
Source: BSE
