Diageo India has appointed Praveen Someshwar as its CEO-Designate and will replace the current managing director and chief executive Hina Nagarajan.
Nagarajan will transition to a new role within Diageo’s global executive committee.
Someshwar served as the chief executive and managing director of HT Media Ltd for over six years, as per his LinkedIn profile. Prior to that, he had worked with PepsiCo as senior vice president for nearly five years. In all, he has worked with PepsiCo for about 24 years, under various leadership positions.
Diageo Plc’s subsidiary said in a statement that under necessary approvals, Someshwar will join the Diageo executive committee from April 1.
“Under Hina’s leadership, Diageo India has combined strong top-line growth and margin expansion with impactful strategic initiatives, reshaping and premiumising our portfolio and positioning Diageo India as an innovative leader in the AlcoBev industry,” said Diageo Plc’s CEO Debra Crew.
Crew added, “Someshwar joins us with an outstanding track record of leading consumer businesses, with a passion for both strategy and executional excellence that will serve us well as we plan for the next phase of Diageo India’s exciting growth story.”
This development comes at a time when there are multiple leadership changes seen across various sectors in India.
Earlier today, listed online stock broking major Angel One roped in former Google Pay executive Ambarish Kenghe as its new group chief executive officer, effective March 6.
Meanwhile, AceVector Limited appointed Achint Setia to lead Snapdeal as its CEO, while Himanshu Chakrawarti will transition to the role of chief executive of Stellaro Brands, a week ago.
Vishal Gawai
Verified JournalistVishal Gawai is the founder of TheIndiaBizz, a media and information platform in India that offers in-depth coverage of the country's startup ecosystem.
