Diageo India has introduced the appointment of Praveen Someshwar as CEO-Designate, set to succeed Hina Nagarajan, the corporate’s managing director and CEO.
Nagarajan, who has led Diageo India for 4 years, will transition to a brand new world position inside Diageo’s organisation. Someshwar will be a part of as CEO-Designate on March 1 and formally assume the position of managing director and CEO on April 1. He can even turn out to be a member of Diageo’s International Govt Committee.
Reflecting on her tenure, Nagarajan, who has been on the helm since July 2021, remarked, “It has been a real privilege to guide Diageo India throughout a interval of sturdy strategic progress and sustained, worthwhile double-digit development. Our market capitalisation has grown to over ₹1 trillion ($12.5 billion). I’ll proceed to assist the workforce as they construct on this success beneath Praveen’s management.”
Someshwar, presently the managing director and CEO of HT Media, brings intensive management expertise to Diageo India. Over the previous 5 years, he has overseen HT Media’s portfolio of digital, print, and radio shops. Beforehand, he spent 24 years at PepsiCo, holding senior roles generally administration, finance, and technique throughout India and the Asia-Pacific area.
Debra Crew, CEO of Diageo, praised Nagarajan’s contributions, noting, “Beneath Hina’s management, Diageo India has achieved sturdy top-line development and margin growth whereas driving impactful strategic initiatives. She has reshaped and premiumised our portfolio, positioning Diageo India as an progressive chief within the AlcoBev business. As she transitions to her new position, she leaves behind a exceptional legacy and a extremely engaged, proficient, and numerous workforce.”
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