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)

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.

Punit Goenka announces acceptance of Nitin Mittal’s resignation in internal mail

The company's focus has been on "frugality", optimization, and quality content, after the ZEE-Sony merger collapsed in January 2024. As part of the restructuring efforts, Goenka streamlined and revamped ZEEL's technology and innovation centre, resulting in a 50 percent reduction in its workforce at the end of March 2024. (Image source: Moneycontrol)

In the mail, Goenka said the step is in line with their aim to optimise resource allocation and enhance productivity.

Kotak Mahindra Bank appoints Jaideep Hansraj as group president – One Kotak

Shripal Shah, currently president and COO at Kotak Securities will take over from Hansraj as the new managing director and chief executive officer for Kotak Securities, subject to receipt of necessary approvals.

In his new role, Jaideep Hansraj will spearhead a cultural shift towards driving collaboration to unlock internal synergies across the bank and its subsidiaries.

Tarun Jha moves on from Havas Worldwide India

Over the past one year, Jha was instrumental in building the creative agency, putting strong processes in place, and hiring a strong team of leaders who have helped the agency witness an impressive growth.

Anupama Ramaswamy, chief creative officer, Anirban Mozumdar, chief strategy officer and Kundan Joshee, managing partner, will continue to lead Havas Worldwide India jointly and will report to Rana Barua, Group CEO, Havas India, Southeast Asia, and North Asia (Japan & South Korea).

Axis My India appoints Prateek Dubey as chief operating officer

Concurrently, Prateek Dubey will also support in enhancing talent and performance quotient for Axis My India by supporting the hiring of C-suite positions and setting up key performance indicators (KPIs) to enhance business performance.

Prateek Dubey will play an instrumental role in spearheading and setting in motion the company’s crucial strategic initiative, a revolutionary People Empowerment Platform (PEP) – ‘a’ App and its pan-India rollout campaign.