Dabur elevates Mohit Malhotra to global CEO, appoints Hershey exec as India chief

Reuters

Feb 17

UPDATE 1-Dabur elevates Mohit Malhotra to global CEO, appoints Hershey exec as India chief

Adds details and background

Feb 17 (Reuters) - Indian consumer goods maker Dabur DABU.NS on Tuesday elevated its group chief executive Mohit Malhotra to the role of global CEO and appointed Herjit Bhalla as CEO for its India business.

Bhalla, who will take over the role on April 15, is currently vice president, Canada & Global Customers at U.S.-based confectionery giant Hershey Co HSY.N.

In January, Malhotra told an Indian news outlet that Dabur may introduce an additional India-focused role to strengthen its structure.

Last month, Dabur reported a third-quarter profit largely in line with estimates, as demand received a lift from the country's consumption tax cuts, offsetting a one-time charge from new labor codes.

(Reporting by Urvi Dugar in Bengaluru; Editing by Vijay Kishore and Mrigank Dhaniwala)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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