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Krishnakumar's current term as an executive director & Group CFO will end on 31 March 2023, and thus, he has been re-appointed for seven months, till date of his superannuation (31 October 2023). The board took the decision based on the recommendation of the Nomination & Remuneration Committee, and the re-appointment is subject to approval by the company's shareholders. “L. Krishnakumar's current term as executive director & Group CFO will conclude on 31 March 2023, and he has confirmed that he is eligible to continue as director without any disqualification and he is not debarred from holding the office of directo r by virtue of any order passed by the Securities and Exchange Board of India or any other such authority,” Tata Consumer Products stated in the release. Krishnakumar began his career with A. F. Ferguson and Co. in India and the Middle East as a management consultant. He later joined Larsen and Toubro (L&T), where he served as general manager, finance, gaining experience across various functions in industries such as engineering, information technology, and shipping. During his tenure at Tata Consumer Products, he held several leadership and strategic roles in the company's operations in India and its international business. In addition to his current role as executive director & Group CFO of the company, he is also a director on the board of Infiniti Retail and group companies of Tata Consumer Products (TCP) like NourishCo Beverages, Tata Starbucks and several of TCP's overseas subsidiaries. L. Krishnakumar has also been a member of finance forums of Confederation of Indian Industry (CII) and Bombay Chamber. He holds qualifications in Chartered Accountancy, Cost Accountancy, and Company Secretarial. Tata Consumer Products is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The company's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company reported 26% rise in consolidated net profit to Rs 364 crore on an 8% increase in revenue from operations to Rs 3,475 crore in Q3 FY23 over Q3 FY22. Shares of Tata Consumer Products rose 0.22% to close at Rs 697.60 on Wednesday, 29 March 2023. Powered by Capital Market - Live News
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