Bajaj Names a New Boss—Naveen Pandey to Steer FMCG Powerhouse

Image Source: ET Retail

Bajaj Consumer Care Ltd (NSE: BACO.NS) appointed Naveen Pandey as the company's new Managing Director, a strategic leadership change to steer the company's growth and transformation in the fast-moving consumer goods (FMCG) business.

1. Leadership Transition

Naveen Pandey comes with more than two decades of experience in the FMCG sector with senior leadership positions in sales, marketing, and business strategy.
He replaces Jaideep Nandi, who was MD since 2020 and guided the company through digital and portfolio diversification.

2. Strategic Outlook

Pandey's induction should help strengthen Bajaj Consumer's focus on innovation, brand development, and expansion of new personal care categories.
The company aims to leverage his experience to generate shareholder value, enhance market penetration, and premiumize its product offerings.

3. Company Snapshot

Bajaj Consumer Care is a leading firm in hair oil and personal care business, known for its best-selling brand Bajaj Almond Drops.
The company is a part of the Bajaj Group and has a strong domestic presence in urban and rural areas with a growing international presence.

Sources: Bajaj Consumer Care, Economic Times, Simply Wall St