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Varun Berry, CEO of Britannia, quits abruptly after 13 yrs
Mint Bangalore
|November 11, 2025
Britannia Industries Ltd on Monday announced a sudden departure of Varun Berry as executive vicechairman, managing director and chief executive officer (CEO), bringing an end to his nearly 13-year tenure at the packaged foods major.
Berry offered to serve notice period as per contract.
The company named Rakshit Hargave as its next managing director and CEO, effective 15 December 2025, for a period of five years. In the interim, N. Venkataraman, executive director and chief financial officer, will hold additional charge as CEO until Hargave takes over. On 5 November, the company had announced Hargave's appointment as CEO at the biscuit maker.
In a letter dated 6 November, Berry wrote to chairman Nusli Wadia, tendering his resignation and proposing to serve out his notice period as per his employment contract.
This story is from the November 11, 2025 edition of Mint Bangalore.
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