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Varun Berry, CEO of Britannia, quits abruptly after 13 yrs
Mint Chennai
|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.
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.
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