Britannia rumoured to be creating a new senior management position

As per news reports, Britannia is in the process of creating a new position of CEO who will report to the MD, Varun Berry.

Mandate is already supposed to have been given to the head hunters to look for a suitable candidate.

The step definitely seems to be targeted towards smoother succession of Varun Berry and personally I will be surprised if Varun remain at the helm too long after the CEO is hired.

MD and CEO positions in general carry out the same set of responsibilities and for me a new hire as CEO would not have been required if Varun would have stayed back.

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