Feb 1, 2019
According to Dabur India, Mohit Malhotra is appointed as the new chief executive officer of the company w.e.f. April 1, 2019. Malhotra who is currently the CEO of the company’s India business will be taking over responsibilities from the current CEO Sunil Duggal. Sunil Duggal as a CEO has served the company since 2002.
“During the past few years, the Board of Directors of the company have undertaken a succession planning exercise to recognize the successor to take over the responsibility from Mr. Sunil Duggal, who has been the Dabur India Ltd CEO since 2002. Mr. Duggal has been entrusted with the responsibility of ensuring a smooth transition. As a result of this process, Mr. Mohit Malhotra was found to be suitable as a successor to Mr. Duggal. Therefore, on the recommendation of the Nomination and Remuneration Committee, the board today approved the appointment of Mr. Malhotra as the new Chief Executive Officer of Dabur India Ltd,” said Dr. Anand C. Burman, chairman of Dabur India.
“I, on behalf of the Dabur Board, thank Mr. Sunil Duggal for his invaluable contribution of over 24 years with the organization, including 17 years as the CEO. I also wish Mr. Mohit Malhotra all the best, and we are confident that under his leadership, the Company will continue to grow,” Dr. Burman added.
After handing over the responsibilities, Sunil Duggal will continue to be a Non-Executive Director till July 30, 2020.
49-year old Malhotra a management graduate from Pune University, joined Dabur as a management trainee in 1994. Before taking charge as the CEO-India Business as his current position, he handled key assignments in marketing and sales as CEO of Dabur International, based out of Dubai.