 "CavinKare")
In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its businesses and also roped in the generation next giving charges of separate business verticals.
Announcing the restructuring on Monday, CK Ranganathan, chairman and managing director of CavinKare indicated that the business will be split into mainly four different streams – FMCG, ecommerce, retail and research and development. The transformation – termed as CavinKare 2.0 by the company – is also seen as a step towards its initial public offering (IPO).
The current director Venkatesh Vijayaraghavan has been elevated as
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