New Delhi: With effect from July 18, 2023, Lotus Chocolate announced the appointments of Sikander Aman Khullar as chief executive officer and S Gautham as chief financial officer and vital managerial professionals of the company. The company’s CFO, Vivekanand Narayan Prabhu, resigned on July 18
Sikander Aman Khullar has over 27 years of experience working across the value chain in the FMCG industry in Bangladesh, India and Georgia (Eastern Europe). The new CEO has experience working with MNCs and even family-run businesses and has exposure to sectors like tea, coffee, spices, preserves, mineral water, and edible oils.
S Gautham, the organisation’s new CFO, has more than 15 years of leadership expertise in Finance, mergers, and acquisitions, significant capex investments, and factory financial operations across various industry verticals, including papers and FMCG. “Over the past 12.5 years, Gautham has played a key role at ITC shaping the financial health by controlling the factory financial operations, participating in large scale negotiations & investments, mergers & acquisition, and marketing finance,” it said.
Additionally, Lotus Chocolate announced that Deloitte Haskins and Sells LLP have replaced its statutory auditors after VDNR and Associates announced their resignation on August 10, 2023. On August 10, following the end of Lotus Chocolate’s 34 annual General Meeting, Deloitte will begin serving as the company’s auditors for five years.
Earlier in May, Reliance Consumer Products (RCPL) had announced that it has completed the acquisition of a controlling stake in Lotus Chocolate Company. RCPL completed the acquisition of a 51 per cent stake in Lotus Chocolate for an aggregate consideration of Rs 74 crore and subscribed to non-cumulative redeemable preference shares of Lotus Chocolate for an aggregate consideration of Rs 25 crore.
