Big Moves: Del Monte Foods, Bandhan Bank, Aditya Birla Capital, Jubilant Industries

Del Monte Foods appoints Abhinav Kapoor as CEO

Del Monte Foods has appointed Abhinav Kapoor as the Chief Executive Officer (CEO) with immediate effect. His assuming this responsibility as the CEO will further strengthen the growth momentum for the company in the Indian FMCG market and consolidate Del Monte Foods' position in the industry. He will lead Del Monte Foods' senior leadership team across all functions and steer the long-term strategy for the business and the company as delineated by the Del Monte Foods Board.

Welcoming his appointment, Harjeet Kohli, Joint Managing Director, Bharti Enterprises says, “On behalf of the entire board of Del Monte Foods, I welcome Abhinav to the organisation. We are confident that he will successfully scale up the operations platform in India, both in the B2B and B2C space building on the strong organic growth across categories and will bring about transformational initiatives towards allied product portfolios. His extensive experience in sales and distribution in the FMCG/Consumer Businesses sector makes him a valuable asset as we continue to deliver sustainable growth and profitability.”

This appointment underscores Del Monte Foods' commitment to strengthening its leadership team and enhancing its operational capabilities. Kapoor brings over two decades of extensive experience in sales & distribution in the FMCG/consumer businesses sector. In his role as CEO, he will focus on elevating the Del Monte brand by consolidating the product portfolio while streamlining the distribution network to ensure seamless delivery of superior quality products to the customers.

Previously, he served as Vice President of Sales at VIP Industries, where he was responsible for P&L management, multiple channels and Sales IT. Before his tenure at VIP Industries, Kapoor was the Business Head of the foods & snacks division at Cavinkare. His career also includes key positions at Britannia Industries, Mondelez, and Marico.

Kapoor holds an MBA from Symbiosis Institute of Business Management, Pune and a Bachelor of Commerce from the Symbiosis College for Arts & Commerce.
 

Ratan Kumar Kesh roped in as interim MD & CEO of Bandhan Bank

Bandhan Bank has named Ratan Kumar Kesh as the interim Managing Director and Chief Executive Officer. Chandra Shekhar Ghosh, the current MD & CEO, is retiring and his tenure ends on July 9, 2024.

The Board of Directors of the Bank, at its meeting held on July 6, 2024, has approved the appointment of Ratan Kumar Kesh, Executive Director & Chief Operating Officer, as Interim MD & CEO of the Bank, with effect from July 10, 2024, for three months or till new MD and CEO takes charge, whichever is earlier.

In his current role, Kesh leads functions including technology, operations, customer experience, transformation, internal audit, recovery, and other support functions at the bank. Kesh, who was previously with Axis Bank heading retail operations and services, was appointed as ED & COO at Bandhan Bank on March 31, 2023.

Kesh has around three decades of experience across industries in leadership roles in multiple domains.

At Bandhan Bank, he has been the Executive Director & Chief Operating Officer since March 31, 2023. Kesh successfully led the IT transformation at the Bank and has been playing an instrumental role in optimising the processes, controls, customer services, business excellence, etc. at the Bank. He was part of the core team to led organisation transformation with technology, digital, governance, quality and customer focus during his tenures at ICICI Bank, HDFC Bank, Yes Bank and Axis Bank. He was among the first few in the Indian Banking Industry to launch a full-fledged Service Quality Framework and Service CRM while in HDFC Bank. He transformed the Axis Bank’s operations by imbibing technology, digital and AI.

Kesh has a B.E (Mechanical Engineering) from NIT, Durgapur and an MBA from NMIMS. He is also a certified Quality Engineer from the Quality Council of Indiana, USA and has completed advanced leadership courses from IIM-A and Strategic Agility from Harvard.

Aditya Birla Capital's COO Mukesh Malik resigns

Mukesh Malik has resigned as Chief Operating Officer of Aditya Birla Capital and will relinquish his position with effect from July 31, 2024. Malik has opted for early retirement. The Aditya Birla Group's financial services business is one of the fastest-growing businesses and has emerged as a key growth engine, Kumar Mangalam Birla has said previously.

Malik joined the Aditya Birla Group in July 2016. In his role as the Chief Operating Officer at Aditya Birla Capital, Malik is responsible for setting vision, strategy, policy formation and execution for Operations to enable future growth. He partners with all the company's businesses/functions to leverage new technologies and operating platforms, operationalise digital assets and leverage these for business growth.

Before joining the Aditya Birla Group, Malik worked with Citibank for 10 years. As Managing Director, he steered Citi’s operations, customer service and technology organisation in South Asia. He also headed Citi’s global delivery centres in India, including Chennai which was established under his leadership. During his stint with ABN AMRO Bank (1999 – 2006), he headed its Retail Bank (West), Service and Business Solutions. In his last assignment, he was the Country Operations Head across all its businesses.

Malik started his career with Bank of America in 1991 and played a key role in the bank’s consumer banking launch and subsequent significant growth, before leaving in 1999.

Malik is a Chartered Accountant and an alumnus of Shri Ram College of Commerce, Delhi.

Jubilant Industries names Mohandeep Singh CEO & MD

Mohandeep Singh has been named the CEO & Managing Director of Jubilant Industries and CEO & Whole Time Director of Jubilant Agri and Consumer Products (JACPL).

In his most recent capacity as a key member of a prominent leadership team, Singh collaborated with a multinational giant in the consumer electronics industry and led various categories. His extensive experience encompasses channel development in retail and distribution-oriented sectors, along with significant roles in sales & marketing across various industries.

Singh is a distinguished veteran known for his exceptional execution, robust commercial acumen, and outstanding leadership abilities.

He holds a degree in Mechanical Engineering from Punjab Engineering College, Chandigarh, and an MBA in Marketing from Symbiosis Institute of Management Studies, Pune.