Eureka Forbes Limited, a pioneer in health and hygiene solutions, has announced significant changes in its Senior Management Personnel (SMP) as part of its strategic restructuring efforts. The updates include a resignation, new appointments, and changes in responsibilities to bolster operational efficiency and leadership capabilities.

Senior Management Changes at a Glance

1. Resignation of CTO Vikas Jayna

• Date of Cessation: December 2, 2024
• Reason: Mr. Jayna has stepped down to pursue new opportunities outside the organization.
• Contribution: During his tenure, he played a key role in driving technological innovation and strengthening the company’s digital infrastructure.

2. Expanded Role for Nithyanand Shankar

• New Responsibility: In addition to his role as Chief Digital & Product Officer, Mr. Shankar will now lead the Engineering division.
• Effective Date: December 3, 2024
• Background: Mr. Shankar brings 16 years of prior experience from global giants like Procter & Gamble and Amazon, complemented by 1.8 years at Eureka Forbes.

3. Appointment of Aviral Chopra as Chief Supply Chain Officer

• Effective Date: December 3, 2024
• Experience: Mr. Chopra, previously Head of Supply Chain at Blinkit, has a rich 15-year career spanning Hindustan Unilever Limited (HUL) and other roles in manufacturing and operations.
• Key Focus: His expertise in supply chain optimization will help Eureka Forbes streamline operations and enhance efficiency.

4. Strategic Shift for Anirudha Karnataki

• New Role: Transitioning from Head – Supply Chain & Procurement to Head of Strategic Projects.
• Effective Date: December 2, 2024
• Experience: With 21.5 years of experience across organizations like Asian Paints and CEAT, Mr. Karnataki’s strategic insights are expected to drive new initiatives for the company.

Leadership Profiles of New Appointees

Aviral Chopra: Chief Supply Chain Officer

• Professional Journey: From manufacturing roles at HUL to leading quick-commerce operations at Blinkit, Mr. Chopra has extensive experience in supply chain management and logistics.
• Vision for Eureka Forbes: Aimed at optimizing supply chain processes to support business growth and customer satisfaction.

Nithyanand Shankar: Chief Digital & Product Officer

• Industry Expertise: With a strong background in digital transformation and product development, Mr. Shankar has been instrumental in driving digital innovation at Eureka Forbes.
• Dual Role Impact: As the new leader of the Engineering team, he will focus on integrating digital capabilities with engineering excellence.

Anirudha Karnataki: Head – Strategic Projects

• Previous Contributions: Played a pivotal role in enhancing supply chain and procurement processes during his tenure at Eureka Forbes.
• Strategic Role: Tasked with spearheading new initiatives to align with the company’s long-term goals.

Strategic Implications of the Leadership Changes

1. Strengthened Focus on Supply Chain

   • The appointment of a dedicated Chief Supply Chain Officer reflects the company’s intent to prioritize operational efficiency and agility in a competitive market.

2. Enhanced Technological and Engineering Synergy

   • With Mr. Shankar’s expanded role, Eureka Forbes aims to integrate technology and engineering to foster innovation and product excellence.

3. Increased Emphasis on Strategic Projects

   • By appointing Mr. Karnataki as Head of Strategic Projects, the company is focusing on aligning operational initiatives with its broader corporate objectives.

Compliance with SEBI Regulations

The announcement aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed disclosures, including reasons for changes, appointment dates, and brief profiles of appointees, were provided to ensure transparency and compliance.

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