Malhotra will replace Sunil Duggal from April 1.
FMCG major, Dabur India has appointed Mohit Malhotra as the company’s new chief executive officer (CEO) with effect from April 1, 2019. Malhotra, who is currently the CEO of the company’s India business, will succeed current CEO - Sunil Duggal.
Announcing the appointment, Dr. Anand C Burman, chairman - Dabur India says, “I, on behalf of the Dabur Board, thank (Sunil) Duggal for his invaluable contribution of over 24 years with the organisation, including 17 years as the CEO. I also wish (Mohit) Malhotra all the best, and we are confident that under his leadership, the company will continue to grow.”.
Malhotra, 49, is a management graduate from Pune University and holds Executive Masters in International Business from Indian Institute of Foreign Trade, New Delhi. He joined Dabur as a management trainee in 1994 and handled key assignments in marketing and sales, besides being CEO of Dabur International, based out of Dubai, before taking charge as the CEO-India Business in his current position.
Malhotra, who was also appointed as a whole-time director of the company with effect from January 31, 2019, will work as CEO-Designate till March 31, 2019, under Duggal. Consequently, Duggal will hold the position of CEO till the end of financial year 2018-19, and will remain a whole-time director till May 15, 2019. Duggal will then continue as a non-executive director till July 30, 2020.