Future Consumer Limited (FCL), the FMCG arm of Future Group has announced the
appointment of FMCG industry veteran and former Group Chief Financial Officer of Marico Limited, Milind Sarwate, as an Advisor to its business.
Sarwate will work closely with the founders and senior leadership team of FCL in building a robust institutional framework, so that its strategy and execution are sharply focused on value creation, the company said in a statement.
Future Consumer has in recent times brought in a number of senior professionals within its team. Its board members now include GN Bajpai, former Chairman of SEBI and LIC, Vibha Paul Rishi, formerly with Pepsico, Frederick de Mevius from Verlinvest, Deepak Malik from Proterra Investment Partners, among others.
Sarwate is currently the Founder and CEO of Increate Value Advisors LLP, having begun his second career- as an entrepreneur- in 2015 after 32 years in the corporate world.
Kishore Biyani, Vice-Chairman, Future Consumer Limited said, “Our growing brands and businesses require the leadership of seasoned industry veterans to guide, mentor and help put in place adequate processes that can create sustainable value for all our stakeholders. With his rich experience, Milind Sarwate will shape and influence the way we institutionalize the organization’s culture and strategy.”
Future Consumer Limited has developed and markets, frozen foods and snacks brand, Tasty Treat, diary and bakery brands, Nilgiris and Soo Fresh, beverages brand, Sunkist, edible oils and dry fruits brand, Karmiq, frozen veggies brand, Veg Affair, centre of plate brands like Golden Harvest, Premium Harvest and Ektaa, along with home and personal care brands, Kara, Swiss Tempelle, CareMate, CleanMate and ThinkSkin.
The company primarily uses modern distribution networks such as Big Bazaar, EasyDay, Tesco Star Bazaar, Metro Cash & Carry, Nilgiris, Aadhaar, Foodhall, Annapurna Bhandaar, among others, to reach out to around 400 million customers who shop at these modern retail chains.