Marico Announces Leadership Restructuring Effective April 2025

Marico Limited has unveiled significant leadership changes, set to take effect from April 1, 2025. Ashish Goupal, currently CEO of International Business, will transition to lead an integrated business structure in India as Chief Executive Officer of India Core Business. Goupal has been with Marico since 2006, serving in roles such as MD of Marico Bangladesh Limited and Head of Trade Marketing for the India business. He began his career in 2004 as a management trainee at Samsung before joining Marico.

Pawan Agrawal, Chief Financial Officer (KMP), will take on additional responsibilities as Group CFO and CEO of International Business for South Asia and Southeast Asia, including overseeing Marico Southeast Asia and Marico Bangladesh. Agrawal, a Chartered Accountant and B.Com. (Hons.) graduate from St. Xavier’s College, Calcutta, brings nearly two decades of expertise in financial planning, treasury, investor relations, and taxation within the FMCG sector.

K. Binjit Kumar, EVP of Middle East & North Africa, and Ryan Bartram, MD of Marico South Africa, will report directly to Saugata Gupta, MD and CEO, from April 2025. Both will be classified as SMPs (Senior Management Personnel).

Vaibhav Bhanchawat, COO of India & Foods Business, has resigned to pursue opportunities outside Marico. His last working day will be March 31, 2025, subject to the company’s service rules.

These changes reflect Marico’s strategic focus on leadership alignment and operational growth across key markets.