Nestlé India Announces Major Leadership Overhaul with Multiple Executive Changes
Nestlé India has disclosed comprehensive leadership restructuring for 2026 involving multiple senior management transitions. The changes include CFO Svetlana Boldina stepping down to join a Nestlé affiliate, veteran Executive Director Satish Srinivasan retiring after 32 years, and new appointments of experienced professionals Jagdeep Singh Marahar and Nitu Bhushan to key technical and HR leadership roles respectively.
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Nestlé India has announced a comprehensive leadership restructuring involving multiple senior management changes scheduled for 2026. The company disclosed significant transitions affecting its board of directors and senior management personnel through regulatory filings.
CFO Departure and Executive Director Retirement
Chief Financial Officer Svetlana Boldina will step down from her position on January 31, 2026, to pursue a new assignment with a Nestlé affiliate. Her departure marks a planned transition within the broader Nestlé organization.
Executive Director-Technical Satish Srinivasan will retire on May 31, 2026, concluding an illustrious career spanning over 32 years with the Nestlé Group. His retirement represents the end of a distinguished tenure in technical leadership.
| Executive: | Current Role | Transition Date | Next Step |
|---|---|---|---|
| Svetlana Boldina: | CFO & Executive Director-Finance | January 31, 2026 | New role with Nestlé affiliate |
| Satish Srinivasan: | Executive Director-Technical | May 31, 2026 | Retirement after 32 years |
New Leadership Appointments
Jagdeep Singh Marahar has been nominated to succeed Satish Srinivasan as Whole-time Director of the company, effective from June 1, 2026, subject to approvals. As part of the transition plan, Marahar will be designated as Head-Technical from May 1, 2026.
Marahar, aged 52, joined Nestlé India in 1997 and currently serves as Managing Director of Nestlé R&D Centre India Pvt Ltd, a subsidiary of Nestlé S.A., Switzerland. He brings over 29 years of experience and holds a Masters degree in Food Technology and a Bachelors degree in Agriculture with Honours in Food Science.
Senior Management Changes
Nitu Bhushan will assume the role of Head-Human Resources as Senior Management Personnel, effective from March 2, 2026, subject to approvals. Bhushan, aged 47, currently serves as Chief Human Resources Officer (CHRO) of Pernod Ricard India for South Asia.
| New Appointment: | Role | Effective Date | Background |
|---|---|---|---|
| Jagdeep Singh Marahar: | Head-Technical | May 1, 2026 | 29 years experience, Food Technology expert |
| Jagdeep Singh Marahar: | Whole-time Director | June 1, 2026 | Current MD of Nestlé R&D Centre India |
| Nitu Bhushan: | Head-Human Resources | March 2, 2026 | 22 years HR experience across sectors |
Bhushan holds a Masters degree in Personnel Management and a Bachelors degree in Engineering (Electronics & Telecommunication). With over 22 years of experience, she has held key HR positions at leading organizations including Accenture, Asian Paints, HSBC Bank, Mondelez International, and Abbott.
Approval Process
All proposed changes will be placed before the Board of Directors at the ensuing meeting for consideration, based on recommendations from the Nomination and Remuneration Committee. The company has provided extended timelines for these transitions to ensure smooth succession planning and continuity of operations.
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