INDIA: Tata Global Beverages' CEO steps down
Tata Global Beverages' CEO Peter Unsworth will step down on 30 June
Tata Global Beverages' CEO, Peter Unsworth, has resigned after a 15-year tenure with the company.
Unsworth will step down from his role on 30 June for "personal reasons". The India-based soft drinks producer made the announcement to the Bombay Stock Exchange yesterday (24 May).
In the interim, deputy CEO Percy Siganporia will take over Unsworth's responsibilities while a replacement is found.
A spokesperson for Tata Global Beverages told just drinks that the company is currently undertaking a recruitment process for a replacement, but declined to give any further details. The spokesperson added that Unsworth will be "taking some time out" on his departure and does not have another job lined up.
Unsworth joined the Tetley Group as CEO in 1996 before taking over as CEO of Tata Global Beverages in a reorganisation in June 2009.
Click here to view the stock exchange announcement.
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