What is the reason for the Britannia CEO Varun Berry to resign?
It is surprising that such a high-level person who was the Vice-Chairman, Managing Director, and CEO of Britannia Industries has to resign this way. He has resigned more than three years before his term was set to expire in 2029? Why?
A senior leader leaving well before his term was complete is actually surprising.
Varun Berry’s resignation is a surprise move as he did it more than three years before his tenure was set to expire in March 2029. He had been a key figure at the company for nearly 13 years (joined in 2013.)
There is another important detail about his retirement. The resignation was submitted on November 6, 2025, and Varun Berry offered to serve his notice period. But the Board decided to waive this requirement, meaning he was relieved immediately at the close of business on November 10, 2025.
The context strongly suggests his departure was part of a planned major leadership transition.
His resignation came less than a week after Britannia announced the appointment of Rakshit Hargave, previously the Birla Opus chief. He is joining as the new CEO and additional whole-time director, effective December 15, 2025.
Hargave will also take over the role of MD.
This is what has triggered a change in the top management of the company. Earlier, there was one more resignation of CEO Rajneet Singh Kohli in March 2025. After this, Berry was temporarily re-designated as CEO in May 2025.
Disclaimer: This content is for informational purposes only and should not be considered investment advice.
