Britannia Industries has announced a major leadership change, with Varun Berry stepping down as Executive Vice-Chairman, Managing Director and CEO after over a decade at the helm. His resignation, submitted on November 6, was accepted by the company’s board on November 10.
Berry joined Britannia in 2013 as Chief Operating Officer and became Managing Director the following year. During his tenure, he steered the company’s transformation from a biscuit-focused brand into a diversified food enterprise with a strong presence in dairy, bakery, and snacks.
The board has appointed Rakshit Hargave as the new Managing Director and CEO, effective December 15, 2025, for a five-year term. Until then, Natarajan Venkataraman, Executive Director and CFO, will serve as interim CEO.
Britannia said the transition reflects a “planned leadership succession” aimed at sustaining growth, expanding regional presence, and advancing its vision of becoming a “global total foods company.”
Berry’s exit marks the end of a defining chapter in Britannia’s growth story, while Hargave’s appointment signals a fresh phase focused on innovation and new market opportunities.
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