Companies

Dabur elevates Amit Burman as Chairman

Our Bureau New Delhi | Updated on July 19, 2019

Dabur India. Credits- Screengrab from @DaburIndia twitter account.

Mohit Burman appointed as Vice-Chairman

 

Dabur India’s board on Friday approved elevation of Amit Burman as the Chairman, in line with the promoter family’s succession plan to get the next generation to spearhead the company. He had so far been serving as the Vice-Chairman. 

He succeeds Anand Burman, who has decided to step down from the position, ending his 12-year term at the top position. 

Sources said that Anand Burman, who was re-appointed for a third-term in 2017, had been grooming his cousin Amit Burman to take over.

As part of the succession strategy put in place by the Burman family, the chairman’s tenure has been fixed at two terms each of five years, sources added.

According to the company’s annual report for 2017-18: “Dabur has laid down a clear policy defining the structure and role of board members. The policy of the company is to have a Non-Executive Chairman.”

Amit Burman, has been credited with leading Dabur’s foray in the packaged food sector with the launch of it fruit juice brand ‘Real’, as well as other key strategic decisions.

He had established Dabur Foods as a wholly-owned subsidiary of Dabur . Dabur Foods was later merged into Dabur India in 2007 , after which he took over as the Vice-Chairman of the company.

Meanwhile, the board has also approved the appointment of Mohit Burman as the Vice Chairman and the induction of Aditya Burman as a non-executive additional director on the board.

Mohit Burman has been leading the Burman family’s entry into various fast-growing sectors such as life insurance, general insurance, asset management and sports. Aditya Burman is a director on the board of Oncquest Laboratories Ltd and also serves on the board of Dabur Nepal Pvt Ltd.

Published on July 19, 2019

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