LV Vaidyanathan steps down as P&G India CEO; Kumar Venkatasubramanian takes over

Delhi: Procter & Gamble India announced that Kumar Venkatasubramanian will take over from LV Vaidyanathan as the Chief Executive Officer for its operations in India from  May 1, 2024

Vaidyanathan will leave the company to pursue other  interests after 28 years of service to P&G.

Venkatasubramanian is an alumnus of IIM Calcutta and started his journey with P&G in the sales team  in India, straight from campus in 2000. He has almost 24 years of experience, majority of it in India across different roles in the Sales function. 

He is currently leading the P&G business in Australia and  New Zealand as CEO.

Prior to the Australia role, Venkatasubramanian was  leading the Sales Team in P&G India until 2020.  

Stanislav Vecera, P&G President, Asia Pacific, Middle East, and Africa, said, “I want to thank LV for his outstanding leadership of the India organisation, and his service to P&G  for nearly 3 decades. I wish him all the best for his future endeavours. I am thrilled with Kumar Venkatasubramanian’s appointment as the India CEO, who has been an  integral part of the P&G India growth story for well over two decades. Kumar is no stranger to the  India organisation, having spent many years building and executing our business strategies here.  The India business and people will immensely benefit from his leadership and vision, and  collectively I am certain they will take the India business to new heights while maintaining a  balanced growth outlook.” 

Vaidyanathan said,  “It has been a great honour and privilege to lead our business in India. The journey has been  incredibly fulfilling. I am so proud of every P&G employee for demonstrating commitment and  passion to serve our consumers, customers, and stakeholders, and for the results we collectively  achieved. I am confident in the continued success of the company and the people.” 

Venkatasubramanian said, “It is a moment of great pride for me to come back to India and spearhead the P&G business in the  country. I look forward to being back in the market, learning more about the Indian consumers  and serving their needs. The India organisation is on a momentum, delivering consistent results  and a balanced top and bottom-line growth. It will be important for us to remain focused on our  integrated growth strategy, as I believe it is the right strategy for us to deliver sustained outcomes.” 

He further said, “We will focus on a portfolio of daily use products where performance drives brand choice and raise the bar on all aspects of our superiority strategy– product, package, brand communication, retail  execution, and value. We aim to lead constructive disruption in the industry across the value chain. I believe that our agile, empowered, and accountable organisation will be at the heart of our  growth. I look forward to working with our incredibly talented team in India once again and  playing a part in the India growth story.”