afaqs! news bureauPublished: 3 Dec 2019, 12:26 PM
People Spotting

Future Consumer names FMCG veteran Rajnikant Sabnavis as its CEO

Future Consumer has named industry veteran Rajnikant Sabnavis as the new Chief Executive Officer with effect from January 1, 2020.

Sabnavis’ appointment as the new CEO underscores the company’s focus on driving sustainable profitable growth by leveraging deep expertise of the management team. Sabnavis brings in over 30 years of experience in creating and leading dynamic FMCG brands across India.

He has worked with Hindustan Unilever Ltd (HUL) for 23 years and held major leadership positions across food and home and personal care categories.

Future Consumer names FMCG veteran Rajnikant Sabnavis as its CEO

He most recently served as the chief operating officer at Jyothi Laboratories. He has helped set up the company’s research and development and quality team, created innovation pipelines, go-to-market strategies and an efficient distribution management system that led to significant EBIDTA growth, gain in market share and gross margins in competitive segments including fabric care.

Commenting on the appointment of Sabnavis, Ashni Biyani, Managing Director of Future Consumer Ltd said, “Rajnikant is one of the respected FMCG professionals in the country. He joins us at an exciting time in the Future Consumer’s growth journey. Future Consumer’s ambition is to expand the distribution network of its brands across food, home care, personal care and beauty in general trade over the coming years. Rajnikant brings in deep wisdom in FMCG that will accelerate our journey towards creating a new generation of brands for the Fast Moving Consumer Generation.”

Sabnavis is a Mechanical Engineering graduate from National Institute of Technology, Surathkal with an MBA degree from SP Jain Institute of Management, Mumbai.