Westlife Foodworld appoints Hrushit Shah as CFO

Westlife Foodworld Ltd. (formerly Westlife Development Ltd.) - owner and operator of McDonald's restaurants in West and South India, has announced the appointment of Hrushit Shah as its Chief Financial Officer (CFO), with effect from 9th May, 2024. Hrushit will be responsible for overseeing all aspects of financial management and strategy to ensure the company's financial success. In his new role, Hrushit will work closely with the leadership team to devise effective financial strategies for the company.

Prior to joining Westlife Foodworld, Hrushit was Vice President - Finance for Pidilite Indsutries Ltd. In a career spanning over 18 years, he has worked with multiple organizations like the Landmark Group, Godrej Consumer Products Limited, and Marico Limited across various roles. He is a Chartered Accountant (CA) with diverse industry experience across Asia, the Middle East, Africa, and the US. His areas of expertise include multiple aspects of financial management, like strategic planning, budgeting and forecasting, financial controlling, treasury management, and financial analysis.

Saurabh Kalra, Managing Director, subsidiary of Westlife Foodworld Ltd. said, "We're excited to have Hrushit Shah on board as our new Chief Financial Officer. His experience and knowledge are a perfect match for our strategic plans and business goals. I am confident Hrushit will be a key contributor to the progress of Westlife Foodworld. I look forward to working with him and wish him success in his new role.

On behalf of Westlife, I express our gratitude to our departing CFO, Saurabh Bhudolia, whose dedication and financial expertise have greatly contributed to our company's growth. His efforts have been crucial in strengthening our financial resilience and strategy. As we move forward, we are grateful for the strong foundation Saurabh has helped build."

Hrushit Shah, CFO, Westlife Foodworld said, "I am delighted to be part of the Westlife Foodworld team and am eager to apply my expertise in shaping our financial strategy, ensuring compliance, and enhancing profitability. I am positive that my skills and experience will contribute significantly to Westlife Foodworld's journey toward achieving new milestones."

Shares of Westlife Foodworld Ltd was last trading in BSE at Rs. 865.85 as compared to the previous close of Rs. 883.75. The total number of shares traded during the day was 13919 in over 1943 trades.

The stock hit an intraday high of Rs. 889.80 and intraday low of 828.30. The net turnover during the day was Rs. 11909832.00.

Source : Equity Bulls

Keywords

WestlifeFoodworld INE274F01020 Appointment CFO