P&G India's MD LV. Vaidyanathan resigns; Kumar Venkatasubramanian to take over as MD on May 1

P&G India's Board of Directors have approved the appointment of Kumar Venkatasubramanian as Managing Director of P&G India for a period of five years effective May 1, 2024. Current MD LV Vaidyanathan will be leaving the Company to pursue other interests.

By  Storyboard18Mar 18, 2024 12:47 PM
P&G India's MD LV. Vaidyanathan resigns; Kumar Venkatasubramanian to take over as MD on May 1
In 2020, Kumar Venkatasubramanian was elevated to the role of CEO ‐ P&G Australia and New Zealand where he has delivered record business performance through strong category growth. Over the years, he has led large and diverse teams, with extensive leadership experience to complement his strong business acumen. (From left to right: LV. Vaidyanathan resigns and Kumar Venkatasubramanian)

The Board of Directors of P&G have approved the appointment of Kumar Venkatasubramanian as Managing Director of P&G India for a period of five years effective May 1, 2024.

Venkatasubramanian will be taking over from L. V. Vaidyanathan, who has tendered his resignation as Managing Director and from Directorship of the Company effective close of business hours on April 30, 2024. Vaidyanathan will be leaving the Company to pursue other interests.

Venkatasubramanian has an MBA from Indian Institute of Management, Calcutta and has completed his Bachelor of Engineering from National Institute of Technology, Durgapur. Venkatasubramanian started his career with P&G in India in 2000 as a new hire in the Sales function from Indian Institute of Management, Calcutta, and worked in various sales leadership roles across India. In his 23+ years career, he has led complex categories across some of the world’s largest markets including India, Brazil, and Australia. He rose the ranks in P&G India as he managed partnerships with various distributor operations and key customers. Until 2020, for a few years, he led the P&G India Sales function and the Oral Care category.

In 2020, Venkatasubramanian was elevated to the role of CEO ‐ P&G Australia and New Zealand where he has delivered record business performance through strong category growth. Over the years, he has led large and diverse teams, with extensive leadership experience to complement his strong business acumen.

Procter & Gamble India appointed LV Vaidyanathan, who was previously leading the company’s business in Indonesia, as its chief executive officer in July 2022. He took over from Madhusudan Gopalan who moved into a new role at the parent company. Vaidyanathan started his career with P&G in India in 1996 in the sales function and worked in various leadership roles. He has more than 26 years of experience across diverse geographies and cultures like India and ASEAN countries including Singapore, Philippines, Thailand and Vietnam. In 2018, he was elevated to the role of CEO, P&G Indonesia.

Venkatasubramanian’s appointment is subject to approval of the Shareholders of the Company and approval of Central Government, in accordance with Section 196 of the Companies Act, 2013 (Act) read with Schedule V to the Act.

First Published on Mar 18, 2024 12:07 PM

More from Storyboard18

Brand Makers

Eveready to optimize Ad spends amidst 10 percent revenue growth

Eveready to optimize Ad spends amidst 10 percent revenue growth

Brand Makers

CXO Moves: Exec movements across Mahindra & Mahindra, WPP, PepsiCo and more

CXO Moves: Exec movements across Mahindra & Mahindra, WPP, PepsiCo and more

Brand Makers

Bookstrapping: ‘More Days at the Morisaki Bookshop' by Satoshi Yagisawa

Bookstrapping: ‘More Days at the Morisaki Bookshop' by Satoshi Yagisawa

Brand Makers

Lack of joy at work leads to burnout and stress: Avi Kumar, CMO, FNP

Lack of joy at work leads to burnout and stress: Avi Kumar, CMO, FNP

Brand Makers

Fisdom ropes in Girish Venkat as head of the wealth management biz

Fisdom ropes in Girish Venkat as head of the wealth management biz

Brand Makers

Everstone Group appoints Sujay Bose as CEO-Investment Management

Everstone Group appoints Sujay Bose as CEO-Investment Management

Brand Makers

WPP appoints Brian Lesser as GroupM's global CEO

WPP appoints Brian Lesser as GroupM's global CEO

Brand Makers

Virendra Sehwag invests $5,00,000 in fintech startup Getepay

Virendra Sehwag invests $5,00,000 in fintech startup Getepay