Dec 9, 2020
Café Coffee Day has a new head, the wife of the late VG Siddhartha. The Coffee Day Enterprises board appointed Malavika Hegde, as chief executive officer of the company.
The board also appointed CH Vasudhara Devi, Giri Devanur, and Mohan Raghavendra Kondi as additional directors, and recommended their appointment as non-executive independent directors for a period of five years from December 31.
Mohan Raghavendra Kondi was also inducted on the board of Coffee Day Global.
The listed company has been scouting for investors ever since it has fallen on rough times following the death of Siddhartha, last year.
The Coffee Day Group currently runs a chain of about 750 outlets and operated, until lockdown, about 60,000 vending machines in places such as technology firms, hospitals, offices, malls, and educational institutions.