The Board of Directors of Varun Beverages Limited at its meeting held on May 13, 2024 approved on recommended by the Nomination and Remuneration Committee and Audit, Risk Management and Ethics Committee, Mr. Rajesh Chawla is appointed as a Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from May 14, 2024 in place of Mr. Lalit Malik, who has resigned as CFO & KMP of the Company with effect from May 13, 2024. Mr. Rajesh Chawla is a qualified Chartered Accountant and joined the Company on February 1, 2021 as Senior Vice President - Finance, presently working as a CFO (India) and appointed as CFO & KMP of the Company w.e.f. May 14, 2024. Mr. Chawla is a Finance professional with a diversified career spanning across more than 28 years of experience in controllership, commercial, manufacturing finance, financial planning, taxation etc.

Before joining Varun Beverages Limited, he has worked with reputed organization like Whirlpool & SIS Group. In his earlier roles he was involved and leading the various projects of margin improvement, cost rationalization, working capital optimization, strengthening cash flows and driving ERP strategy of organization. He is not related to any Director/KMP of the Company.