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Nestlé India’s Svetlana Boldina to step down as new appointments roll out
MUMBAI: Nestlé India has announced a series of senior leadership changes, including the exit of its finance head and the retirement of a long-serving technical leader.
Executive director for finance and control and chief financial officer Svetlana Boldina, will step down on 31 January 2026 to take up a new assignment within the Nestlé group. Her successor will be named later.
After more than 32 years with the company, Satish Srinivasan, executive director for technical, will retire on 31 May 2026. Jagdeep Singh Marahar has been nominated to succeed him as whole-time director from 1 June 2026, subject to approvals. As part of the transition, he will take charge as head of technical from 1 May 2026.
In senior management changes, Nitu Bhushan will assume the role of head of human resources from 2 March 2026, pending approvals.
Nestlé India said the appointments will be placed before the board at its next meeting on the recommendation of the nomination and remuneration committee. The filing has been uploaded on the company’s website.