Britannia Industries announces CEO departure, appoints interim and new leaders

Britannia Industries Limited announced the resignation of Varun Berry from his roles as executive vice-chairman, managing director, and chief executive officer, effective November 6, 2025. The board of directors, at their meeting on November 10, 2025, approved the waiver of his notice period, relieving him from the company’s services at the close of business on the same day. Concurrently, Berry ceases to be a member of various committees, including the stakeholders relationship, CSR, risk management, finance, strategy and innovation steering, and IT committees.

Following Berry's departure, the board approved the appointment of Natarajan Venkataraman as interim chief executive officer, effective November 10, 2025, in addition to his current role as executive director & chief financial officer. The board had previously approved the appointment of Rakshit Hargave as an additional whole-time director and chief executive officer, with an effective date of December 15, 2025. Today, Hargave's appointment was further solidified as chief executive officer and managing director for a term of 5 years, starting December 15, 2025, pending shareholder approval.