Praveen Someshwar New CEO of United Spirits
Jan 14, 2025 10:57
Praveen Someshwar appointed CEO of United Spirits Ltd (USL), replacing Hina Nagarajan who will take on a global role within Diageo.
New Delhi, Jan 14 (PTI) United Spirits Ltd (USL), an entity of British multinational alcoholic beverage company Diageo, has announced the appointment of Praveen Someshwar as its next CEO, while the incumbent Hina Nagarajan will move towards a global role, as part of top level reshuffle.
Someshwar has been appointed as Chief Executive Officer - Designate and will closely work with Nagarajan up to March 31, 2025, according to a statement from USL.
"Further, effective 1st April, 2025, Praveen Someshwar will assume office as the new Managing Director & Chief Executive Officer of the Company in accordance with the applicable law and upon receipt of necessary approvals," it added.
Meanwhile, Nagarajan who steered USL for almost four years will be taking up a new role within the Diageo group and has accordingly tendered her resignation as Managing Director and Chief Executive Officer of the Company with effect from March 31, 2025.
For the last five years, Someshwar has been MD and CEO of HT Media Ltd, one of India's largest media groups, where he leads multiple digital, print and radio outlets including India's second largest newspaper Hindustan Times and business daily Mint.
Prior to HT Media, he had a 24-year career with PepsiCo, working in a variety of general management, finance, and strategy roles in India and the wider Asia Pacific region.
In 2009 he was appointed CEO of PepsiCo's South Asia beverage business, and in 2012 moved on to become CEO of PepsiCo India's foods business.
From 2014-2018 he was SVP and General Manager for PepsiCo for North Asia and parts of SE Asia, based in Hong Kong, leading a portfolio of markets as well as leading the sales function for Pepsi's wider Asia Pacific region.
Someshwar is an alumnus of Delhi University and a Chartered Accountant as well as a Cost & Management Accountant by qualification.
USL, now Diageo India, operates in India with over 50 spirit brands, including McDowell, Royal Challenge, Smirnoff, Johnnie Walker, Black & White, Baileys, and Signature, among others.
In terms of revenue, it is the second largest alchobev company, which reported Rs 26,018 crore revenue from operations in the financial year ended March 2024, as per the regulatory filings on stock exchanges.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Paytm Shares Plunge 9%, Recover Partially
Paytm shares dropped nearly 9% intra-day on reports of a crypto scam probe, but the...
RBI Fines J&K Bank, Bank of India, Canara Bank...
The Reserve Bank of India (RBI) has penalized Jammu and Kashmir Bank, Bank of India,...
SWAMIH Fund Completes 50,000 Homes: Milestone...
The SWAMIH investment fund, aimed at debt financing of stressed housing projects, has...
Weaker Rupee & Exports: FIEO Highlights Complex...
The Federation of Indian Export Organisations (FIEO) says a weaker rupee isn't a simple...
Denta Water IPO Oversubscribed by 221 Times
Denta Water and Infra Solutions Ltd's IPO received an overwhelming response, garnering...
Ola Denies Differential Pricing Based on OS |...
Ola clarifies to CCPA that it does not differentiate pricing based on mobile operating...
Medical Analysis Lab to be Set Up in Coimbatore...
A medical analysis laboratory, estimated at Rs 29.67 crore, will be set up in...
Ujjivan Small Finance Bank Stock Drops After Q3...
Ujjivan Small Finance Bank shares fell over 4% after reporting a 64% decline in net...
Bullion Rates Today: Gold & Silver Prices in...
Get the latest closing bullion rates for standard gold, ornament gold and silverspot in...
Orient Green Power Reports Rs 22 Cr Loss in Dec...
Orient Green Power reported a consolidated net loss of Rs 22.41 crore in the December...
Read More »