Marico Limited — Others, 05-12-2024: Change in Management

Marico has announced a board meeting focused on changes in senior management personnel. Mr. Vaibhav Bhanchawat has resigned from his role as Chief Operating Officer for India & Foods, with his last working day set for March 31, 2025. Mr. Ashish Goupal will transition from CEO of International Business to Chief Executive Officer for India Core Business, effective April 1, 2025. Additionally, Mr. Pawan Agrawal, the Chief Financial Officer, will expand his responsibilities to oversee Marico's operations in Southeast Asia and Bangladesh. This restructuring could enhance operational efficiency and drive growth in key markets, potentially favoring investor sentiment with a positive outlook for strategic initiatives and leadership continuity in the company.