Coca-Cola names Sundeep Bajoria as New Head of India Franchise
Coca-Cola has re-structured the top leadership as part of its restructuring process that started in September 2020.
The international beverage maker has announced Sundeep Bajoria as its new head of India franchise. Also, Reetima Rakyan will be leading franchise operations for South West Asia.
Besides this, Vijay Parasuraman, Marketing Head of Coca-Cola, will be moving to a global role within the company, while Arnab Roy, the current director of sparkling brands in Atlanta, will succeed him.
Additionally, Samarapperuma Padmal, Harsh Bhutani and Nishi Kulshreshtha Chaturvedi have been named as new heads for strategy, finance and human resources.
While Sanket Ray will be taking charge as new India head from January 1, 2021, the current president of the firm T. Krishnakumar has been named chairman of the company.
Coca-Cola has posted a 28% drop in its net revenues to $7.2 billion and its operating income declined by 34% for the second quarter.
Coca-Cola said in a statement, “Sparkling soft drinks declined 12 percent, led by a decline in India, Western Europe and the fountain business in North America due to pressure in away-from-home channels.”