Jubilant FoodWorks appoints Amazon's Sameer Khetarpal as CEO & Managing Director

Jubilant Foodworks has announced the appointment of Sameer Khetarpal as Chief Executive Officer and Managing Director, both with effect from September 5, 2022, for a period of five years.

This decision was taken at a Board of Directors meeting held on Monday.

Khetarpal’s appointment is subject to approval of shareholders of the company.

Khetarpal will succeed Pratik Pota. He has served in numerous senior leadership roles during his 25-year career in sectors like e-commerce and management consulting, and joins Jubilant from Amazon.

Over the last 6.5 years at Amazon, he has conceptualised, launched and scaled several businesses like Amazon Fresh, Amazon Food and Amazon Pharmacy. Prior to Amazon, he served as a Partner at McKinsey and Company, where he served several hi-tech clients on topics related to business building and transformation, and was instrumental in building data driven service lines used by several Fortune 500 companies.

Khetarpal has previously worked with GE Capital and Hindustan Unilever.

Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks, said, “We are now a multi-country, multi-brand company with deep investments in technology. We are looking to further our investments across our portfolio of brands to become a food tech powerhouse. Sameer, with his strengths in building digital first businesses in related spaces will provide the necessary leadership to our business. He is a strong, dynamic and values-driven leader with an impressive track record of delivering consistent high-quality performance in tough consumer businesses. The Board warmly welcomes Sameer to the role and wishes him every success.”

Khetarpal said, “As India’s largest food service company, JFL is uniquely poised to scale non-linearly across multiple businesses and geographies. The company has an exceptional track record of innovation and serving customers with exemplary standards. I am honoured to join Jubilant FoodWorks and look forward to working closely with the Jubilant team, to serve millions of customers by building businesses driven by technology and operations excellence.”

He has also been appointed as Key Managerial Personnel of the Company with effect from September 5, 2022.

The Board of Directors also approved the re-appointment of Abhay Prabhakar Havaldar and Ashwani Windlass as Independent Directors of the Company for a second term of five (5) consecutive years with effect from July 25, 2023 to July 24, 2028, subject to approval of the shareholders of the company.

The Board also gave a go-ahead to the re-appointment of Deloitte Haskins & Sells LLP, Chartered Accountants, as Statutory Auditors of the Company for a second term of five (5) consecutive years from the conclusion of the 27th AGM, until the conclusion of the 32nd AGM to be held in the year 2027, subject to the shareholders’ approval.

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