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Shankar takes over as CEO of leading dairy FMCG player Parag Milk Foods
Saturday, 06 July, 2019, 08 : 00 AM [IST]
Our Bureau, Mumbai
Venkat Shankar has taken over as the chief executive officer of Parag Milk Foods Ltd (PMFL), a leading dairy FMCG (fast-moving consumer goods) company. He will be reporting to the company’s chairman, Devendra Shah, and its board of directors.

Shankar is a seasoned FMCG professional with over three decades of experience in dairy, FMCG, private equity, media and advertising roles.

Prior to joining PMFL, he was vice-president and head, dairy business, Britannia Industries Ltd.

Shankar previously worked in sales and marketing at Pepsico, and has over 15 years of experience in the FMCG food space.

He holds a post-graduate diploma in management from the Indian Institute of Management (IIM) Ahmedabad and an engineering degree from the Indian Institute of Technology (IIT) Kanpur.

In his new role at PMFL, Shankar will provide the necessary leadership and strategic direction to the company and help achieve its short-term and long-term objectives. His vast experience would be greatly beneficial as the company continues on its path towards becoming a leading player in the dairy FMCG space.

Shah said, “We are delighted to welcome Shankar as our CEO. His extensive FMCG experience and illustrious career spanning over three decades would be tremendously valued in implementing the vision and objectives of the company as it continues on its journey towards becoming a leader in the dairy FMCG sector.”

Speaking on the appointment, Shankar said, “Parag Milk Foods Ltd. is constantly setting new benchmarks for the industry by pushing the envelope with innovation. It will truly be a privilege to work with a company full of talented people and brilliant brands.”

“The company has built a strong and robust platform over the years, and I am thrilled to be a part of this new phase of growth and look forward to creating long-term value for our stakeholders,” he added.
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