Varun Berry resigns as Vice-Chairman, MD and CEO of Britannia Industries
Rakshit Hargave has been named the MD and CEO following Varun Berry’s exit
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Published: Nov 10, 2025 6:14 PM | 1 min read
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- Varun Berry has resigned as Vice-Chairman, Managing Director, and CEO of Britannia Industries, effective November 10, 2025.
- Rakshit Hargave has been appointed as the new CEO and Whole-time Director, set to take over on December 15, 2025, pending shareholder approval.
- The Board of Directors accepted Berry's resignation and waived the notice period, thanking him for nearly 13 years of contributions to the company.
- Prior to his tenure at Britannia, Berry held senior leadership roles at PepsiCo and began his career at Unilever India in 1986.
Britannia Industries announced on Monday that Varun Berry has resigned from his positions as Vice-Chairman, Managing Director, and Chief Executive Officer, effective at the close of business on November 10, 2025.
According to a BSE filing, Rakshit Hargave has been appointed as Britannia Industries’ new Chief Executive Officer and additional Whole-time Director. He will assume the role on December 15, 2025, for a five-year term, pending approval from the shareholders.
The filing stated that Berry had handed in his resignation and was willing to serve the notice period required by his contract. However, the Board of Directors, following the advice of the Nomination and Remuneration Committee, accepted his resignation and decided to waive the notice period.
“The Board sincerely thanks him for his valuable contributions and wishes him all the best in his future pursuits,” the company stated.
Berry’s departure concludes almost 13 years with Britannia, where he joined in January 2013 and played a key role in strengthening the company’s growth and profitability.
Before joining Britannia, Berry held several senior leadership roles at PepsiCo, including CEO of PepsiCo Foods India and CEO of International Dairy and Juice, with assignments in India, the Philippines, and Vietnam. He began his professional journey with Unilever India in 1986.
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