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D’Souza’s resignation will be effective from April 3, 2020, it added further.
D’Souza led the company for the past four-and-a-half years,
“Further, the board of directors wish to inform that Mr. Vishal Bhola will be joining the company with effect from January 1, 2020 and will succeed Sunil D’Souza as Managing Director of the company,” it said, adding that his appointment will be subject to completion of necessary regulatory formalities and approvals.
Bhola has over 20 years of experience in the consumer goods industry.
Earlier, he held the position of Global Vice President, Water at Unilever.
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