Manu Anand Joins Cadbury India as Managing Director

Mondelez International today announced the appointment of Manu Anand as President, India and South Asia, Mondelez International and Managing Director, Cadbury India. As part of the appointment, Manu Anand will also be part of the Asia Pacific Leadership Team and will sit on the Mondelez International Leadership Council.

Manu Anand will replace Anand Kripalu who led the business for eight years. Under Mr Kripalu's leadership, the company has grown in revenues to more than Rs 4065 crore in 2012 (approx. $700 million) from less than Rs 746 crore in 2005 (approx. $200 million). Under his guidance, the India business became one of India's Most Admired Companies in 2012 and was again rated #3 Most Admired FMCG company in 2013 by a leading business magazine. Mr Kripalu has decided to pursue an assignment outside the business.

The two will work together over the coming weeks to ensure business continuity and a successful transition in line with the company's culture.

Manu Anand comes to Cadbury India with extensive experience in the consumer goods industry, having worked in several international and growth markets in Asia Pacific. His last assignment was Chairman and CEO, PepsiCo India.

"We sincerely thank Anand Kripalu for his many contributions to the business. We will miss Anand's perspective and commitment, but we respect his desire to take on new and different challenges. We wish him the very best," said Pradeep Pant, Executive Vice President and President, Asia Pacific and Eastern Europe, Middle East & Africa (EEMEA) for Mondelez International.

"We are delighted that Manu Anand has agreed to join our business. Manu comes to Mondelez International with extensive snacking experience and we look forward to him leading our India business - one of the most critical markets for Mondelez International globally," he added.

Source : Equity Bulls

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