Marico informs about changes in SMP

11 Sep 2023 Evaluate

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Marico has informed about following changes in Senior Management Personnel (SMP) of the Company: Sanjay Mishra, COO – India Business and CEO New Business, has decided to pursue an opportunity outside the organization and consequently tendered his resignation on September 11, 2023. His last date of working will be December 15, 2023, subject to service rules of the Company, Vaibhav Bhanchawat, who is currently an SMP and designated as Chief Operating Officer – South East Asia & South Africa, will move as Chief Operating Officer – India & Foods Business with effect from October 1, 2023 and will be responsible for Sales, Manufacturing, Supply Chain and Foods Business in India, Ashish Goupal, who is currently an SMP and designated as Chief Operating Officer- Marico Bangladesh, MENA & New Country Development (NCD), will take on the responsibility of leading all international geographies of Marico including South East Asia and South Africa with effect from October 1, 2023 and will be designated as CEO- International Business. The Company is in the process of making necessary changes to align the organization structure basis the above. Requisite details as per SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure I. Copy of the resignation letter from Sanjay Mishra is enclosed as Annexure II. The disclosure is also being made available on the Company's website.

The above information is a part of company’s filings submitted to BSE.

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