Retail India News: Tata Consumer Products Names Ashish Goenka as Group CFO
Retail India News: Tata Consumer Products Names Ashish Goenka as Group CFO

Tata Consumer Products (TCP), the consumer products conglomerate consolidating the primary food and beverage interests of the Tata Group, has declared the appointment of Ashish Goenka as Group Chief Financial Officer. This move is consistent with the company's emphasis on developing a future-ready organization and enhancing organizational capability.

In his new capacity, Ashish will assume responsibility for the Integrated Finance function, overseeing group accounts and finance, investments, capital structuring, forecasting, and budgeting. Additionally, he will provide strategic direction to businesses, crafting and delivering annual, mid-term, and long-term growth plans for the company. His role will extend to cover Strategy and M&A, Legal, Secretarial and Compliance, Investor Relations and Communications, Internal audit, and Risk management functions. Based in Mumbai, he will report directly to Sunil D’Souza, MD, and CEO of Tata Consumer Products.

With over two decades of experience in the Finance function, Ashish transitions from his current role as President and CFO at Jubilant Foodworks Limited. His previous senior leadership roles include positions at Hindustan Unilever and Bharti Airtel.

Sunil D’Souza, MD, and CEO of Tata Consumer Products said, "We are excited to welcome Ashish to the leadership team at Tata Consumer Products. A strong Integrated Finance function aligned with the company’s strategic objectives will be critical in enabling Tata Consumer’s journey to becoming a best in class FMCG company. Ashish’s expertise will help us further strengthen and build future capability for the function."

The announcement also acknowledged the retirement of L Krishnakumar from Tata Consumer Products on October 31st, 2023, thanking him for his two-decade contribution to building and fortifying the Finance function. Krishnakumar played a pivotal role in the company's transformation from a single-category, single-country tea player to the current expansive multi-country, multi-category F&B focused FMCG player. Krishnakumar will continue as a Senior Advisor until March 31st, 2023, and Ashish will collaborate closely with him during this period to ensure a seamless transition.

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