Milind Sarwate, Group CFO, Marico Group resigns

26 March 2014 | News | By Bureau Report

Marico Limited, one of India’s leading Consumer Products Group, announced that Milind Sarwate, Group CFO, Marico Group has resigned from the company to move on to pursue opportunities outside the Group. Joined in 1998 as the CFO of Marico, in his stellar 16-year career in Finance and HR, Milind contributed significantly to the Marico story, through proactive and transparent shareholder value management. He drove Marico’s inorganic growth agenda through acquisitions and alliances, in India and overseas.

The company noted that Milind helped create unique value through innovative corporate structuring and fund raising, Information Technology initiatives and GRC (Governance, Risk Management, Controls and Compliance). Milind also played a role in Marico’s Corporate Social Responsibility agenda (Marico Innovation Foundation) and contributed to conceptualization of Ascent- the Non-Profit Organisation set up by Harsh Mariwala to Accelerate the Scaling up of Enterprise.

Harsh Mariwala, CMD, Marico Limited said, “I take this opportunity to acknowledge Milind’s role in Marico’s transformation from an Indian Company, now poised to become an emerging markets MNC.” Milind Sarwate said, “I have had a long and fulfilling innings with Marico, during which I grew, both, as a professional and as an individual leader. After 16 long years, I sense the need to rejuvenate myself through new challenges in a new setting, to build further on my experience. I have, therefore, planned to take up a new role. I will announce details in the new Financial Year.”

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