Future Consumer Ltd., a subsidiary of Future Group, has announced the appointment of Sailesh Kedawat as the new Chief Finance Officer, with immediate effect.
According to a statement released by the company, “The board of the company, in a meeting, has approved the appointment of Sailesh Kedawat as the Chief Finance Officer, with effect from 10 April 2020.”
Sailesh, a chartered accountant with 22 years of experience, has been associated with the company for 5 years and will be reporting directly to CEO Rajnikant Sabhanavis.
During his association with the company, Sailesh has been responsible for audit, accounts and taxation in addition to looking after finance.
Future Consumer Ltd., which carries a portfolio made up of brands like Think Skin, Kara, TS and Puretta, has also been deeply impacted by the COVID-19 pandemic.
Here it is imperative to note that the firm had earlier reported a net loss of Rs. 9 crore in Q3 that ended December 2019 as against a sales figure of Rs. 924 crore.