Key hires at Parag Milk Foods including CFO, COO and CCO
Pepsico's Vimal Agarwal has been roped in as CFO, Harshad Joshi is COO, Amarendra Sathe is CCO, Niharendu Sarkar is Senior VP-Logistics and Supply Chain
Dairy company Parag Milk Foods Limited has created new positions of Chief Operations Officer and Chief Commercial Officer (CCO) in the management.
Vimal Agarwal has been roped in as the Chief Financial Officer, who brings in 17 years of experience from PepsiCo. Agarwal will now be driving the analytics and finance disciplines at Parag Milk Foods. Amarendra Sathe comes on board as the CCO. He was previously at a senior position at Kimberly-Clark India. Harshad Joshi, a dairy technologist with long stints at companies like Mother Dairy, Amul and Walmart has joined Parag Milk Foods as the COO. He will be responsible for strengthening the overall business operations at Parag Milk Foods. The company also roped in Niharendu Sarkar for the newly created position of Senior Vice-President-Logistics and Supply Chain. Sarkar will be responsible for establishing a robust logistics and supply chain network throughout Parag’s current and new markets.
The company plans to strengthen the current 3,800 distributors, scaling up the distribution in FMCG business.
“All these senior executives are seasoned professionals with long stints in the FMCG sector. As a strategy, we are focusing on becoming a strong national FMCG dairy company and putting more emphasis on growing our consumer business. With the support of the new senior leadership team, we are aiming at double digit growth this fiscal,” said Devendra Shah, Chairman, Parag Milk Foods.
With the recent acquisition of the Danone plant in North India, Parag Milk Foods is now looking at growing their market share in the region and has therefore roped in Rajneesh Vasudeva as VP-Sales and Vinay Jain as Business Head for Health and Nutrition to grow the business in the region.
The company also expects double-digit growth, strengthening its cheese portfolio, expecting the market to grow by 20-25%.
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