Ashish Goenka has been appointed Group Chief Financial Officer by Tata Consumer Products (TCP), the consumer products conglomerate that combines the Tata Group’s principal food and beverage interests. This action aligns with the company’s focus on improving organizational capability and creating a future-ready organization.
Ashish will take over as the head of the Integrated Finance department, managing capital structuring, investments, group accounts and finance, forecasting, and budgeting in his new role. Along with creating and implementing annual, mid-term, and long-term growth plans for the company, he will also offer strategic direction to enterprises. Internal audit, legal, investor relations and communications, strategy and M&A, secretarial and compliance, and risk management tasks will all fall under his purview. He will directly answer to Tata Consumer Products’ MD and CEO, Sunil D’Souza, and be based in Mumbai.
Ashish, who is leaving his position as President and CFO of Jubilant Foodworks Limited, has more than twenty years of experience in the finance function. Hindustan Unilever and Bharti Airtel were two of his previous employers in senior leadership roles.
“We are excited to welcome Ashish to the leadership team at Tata Consumer Products,” stated Sunil D’Souza, MD, CEO of the company. In order for Tata Consumer to become a best-in-class FMCG company, a robust Integrated Finance function that is in line with the company’s strategic objectives is essential. With Ashish’s experience, we can enhance and expand the function’s potential in the future.”
In addition, L Krishnakumar’s retirement from Tata Consumer Products on October 31, 2023, was announced. He was thanked for his two decades of building and strengthening the Finance function. Krishnakumar was crucial to the company’s evolution from a single-country, single-category tea player to the vast, multi-category FMCG player it is today, with a focus on F&B. Up until March 31, 2023, Krishnakumar will remain a Senior Advisor. Ashish Goenka will work closely with him during this time to make sure the transition goes smoothly.
