Marico has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another two-year term. Gupta’s reappointment is effective April 1, 2024. The board of Marico, in its meeting held on Friday, approved the “re-appointment of Saugata Gupta as the Managing Director and Chief Executive Officer for a term of two years w.e.f. April 1, 2024, to March 31, 2026.
He joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as managing director of the company. Besides, the company’s board has appointed Rajan Bharti Mittal as an independent director for a term of five years, beginning from July 1, 2023, to June 30, 2028.
Mittal is the Vice Chairman of Bharti Enterprises, one of India’s leading conglomerates with diversified interests in telecom, space communications, digital solutions, financial services, real estate, and agri-processed foods, in addition to other ventures. Both the appointments are “subject to the approval of the shareholders,” it added.