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Tag: LV Vaidyanathan

  • P&G India announces its new CEO, Kumar Venkatasubramanian

    P&G India announces its new CEO, Kumar Venkatasubramanian

    Mumbai: Procter & Gamble India announced today that Kumar  Venkatasubramanian will take over as the chief executive officer for its operations in India from 1 May 2024. Kumar is an alumnus of IIM Calcutta and started his journey with P&G in the sales team in India, straight from campus in 2000. He has almost 24 years of experience, the majority of it in India across different roles in the Sales function. He is currently leading the P&G business in Australia and  New Zealand as CEO where he has been responsible for steering the team to deliver record metrics,  driven by category growth and strong retailer partnerships. Prior to the Australia role, Kumar was leading the Sales Team in P&G India until 2020.  

    Venkatasubramanian is a passionate advocate for Equality and Inclusion, and under his leadership, many programs were expanded to have a significant impact on employees and the community. This included P&G ANZ’s largest-ever corporate partnership with the Sydney Gay and  Lesbian Mardi Gras.  

    Kumar will take over from LV Vaidyanathan, who will leave the company to pursue other interests after 28 years of service to P&G. Under his leadership, P&G India has made strides of progress on the journey of bringing in superior propositions for the Indian consumers and delivered consistent balanced growth of top and bottom line. In his time, the company has also stepped-up on efforts across the key areas of Citizenship – Community Impact, Equality and Inclusion and  Environmental Sustainability.

     Quote from Stanislav Vecera, P&G president, Asia Pacific, Middle East, and Africa:  

    “I want to thank LV for his outstanding leadership of the India organization, and his service to P&G  for nearly 3 decades. I wish him all the best for his future endeavours.

    I am thrilled with Kumar Venkatasubramanian’s appointment as the India CEO, who has been an integral part of the P&G India growth story for well over two decades. Kumar is no stranger to the Indian organization, having spent many years building and executing our business strategies here.  The Indian business and people will immensely benefit from his leadership and vision, and  collectively I am certain they will take the Indian business to new heights while maintaining a  balanced growth outlook.”

    Quote from LV Vaidyanathan:

    “It has been a great honour and privilege to lead our business in India. The journey has been incredibly fulfilling. I am so proud of every P&G employee for demonstrating commitment and passion to serve our consumers, customers, and stakeholders, and for the results we collectively achieved. I am confident in the continued success of the company and the people.”

    Quote from Kumar Venkatasubramanian:

    “It is a moment of great pride for me to come back to India and spearhead the P&G business in the country. I look forward to being back in the market, learning more about the Indian consumers and serving their needs. The India organization is on momentum, delivering consistent results and balanced top and bottom-line growth. It will be important for us to remain focused on our integrated growth strategy, as I believe it is the right strategy for us to deliver sustained outcomes.  We will focus on a portfolio of daily-use products where performance drives brand choice and raise the bar on all aspects of our superiority strategy– product, package, brand communication, retail execution, and value. We aim to lead constructive disruption in the industry across the value chain.  I believe that our agile, empowered, and accountable organization will be at the heart of our growth. I look forward to working with our incredibly talented team in India once again and  playing a part in the India growth story.” 

  • P&G India announces ₹300 crore ‘P&G Supply Chain Catalyst Fund’

    P&G India announces ₹300 crore ‘P&G Supply Chain Catalyst Fund’

    Mumbai: Procter & Gamble India (P&G India), maker of brands like Gillette, Whisper, Vicks, etc, has announced a ₹300 crore ‘P&G Supply Chain Catalyst Fund’ to collaborate with external partners and innovators, in co-creating solutions that accelerate its journey towards supply 3.0 – the modern supply chain ecosystem. This fund will provide an opportunity to start-ups and innovators to collaborate with P&G on business solutions customized to create the next level of supply: a supply chain that provides greater agility, flexibility, scalability, transparency and resilience.

    The announcement is in line with the prime minister’s Gati Shakti initiative, which is an endeavour towards multi-modal connectivity in the country that will enhance seamless movement of goods and services through targeted interventions.

    P&G India’s strategic investment, as part of ‘P&G Supply Chain Catalyst Fund’  will encompass a diverse array of initiatives, including supply chain optimisation, digitization, capacity enhancement and sustainability, all designed to catalyse the company’s supply chain prowess. This new fund is part of P&G India’s ‘vGROW’ program that focuses on identifying and collaborating with start-ups, small businesses, individuals, and large organisations offering innovative industry-leading business solutions. These solutions will help the company in delivering a superior experience to its consumers and continuing to drive constructive disruption.

    With this announcement, the company also launched the sixth edition of ‘P&G vGROW External Business Partner Summit,’ to be held from 28 to 29 September 2023. The Summit offers a platform to existing and new suppliers, in partnership with Incubate Hub, to pitch their solutions to P&G India’s leadership team. Senior leaders from P&G’s global leadership team, including P&G chief purchasing officer Ana Elena Marziano and P&G  Sr VP Chandra Vaddadi, purchases also attended the summit.

    P&G India subcontinent CEO LV Vaidyanathan said, “We are as committed to the nation’s progress as we are to serving consumers with superior products every day. With the ‘P&G Supply Chain Catalyst’ fund, we are focused on co-creating innovative solutions that enhance the very backbone of our operations – the supply chain. We are confident that focused interventions in the supply chain will have a positive impact on our overall priorities including constructive disruption and productivity.”

    He further added, “Six years ago, we launched ‘vGROW’ – with the vision to create a platform to foster collaboration and partnerships with external partners and suppliers, to solve business challenges and provide a breeding ground to emerging startups across the country. With this fund, we have committed spends of more than ₹1800 Crore to date in business solutions through vGROW. We strongly believe that a healthy dissatisfaction with the status quo will help us raise the bar on constructive disruption and better serve consumers, customers, and communities.”

    vGROW is P&G’s first-of-its-kind platform to identify and collaborate with businesses and individuals offering industry-leading solutions. Through this platform, P&G engages with over 2300 suppliers including start-ups, small businesses, and large organizations from a wide range of industries and services – from creative agencies to technology partners to material suppliers.

    In partnership with WEConnect International, P&G India also conducted the next edition of the Women Entrepreneur Development Program (WEDP).  About 30 women entrepreneurs, who were selected via an application process, graduated from the two-day program aimed at their capacity development. As part of the program, senior leaders from P&G conducted training and workshops with real-time case studies covering various aspects of building a sustainable business including professional skills like business strategy, finance capital, new customer outreach and more, including strategic inputs for driving business growth.

  • LV Vaidyanathan elevated as P&G India CEO

    LV Vaidyanathan elevated as P&G India CEO

    Mumbai: Procter & Gamble (P&G) on Tuesday announced that LV Vaidyanathan will take over as chief executive officer for its operations in India from 1 July.

    Vaidyanathan will take over from Madhusudan Gopalan, who is going to take on an important leadership role within P&G as senior vice president – grooming & oral care, P&G Japan & Korea. During his four-year tenure at the helm of P&G India, Madhusudan led the transformation of the business to consistently deliver sustainable top and bottom-line growth, according to the company.

    An alumnus of IIM Ahmedabad, Vaidyanathan started his journey with P&G in 1995 as an intern and joined the India Sales team straight from campus in 1996. He has more than 26 years of experience across diverse geographies and cultures like India and ASEAN countries including Singapore, Philippines, Thailand and Vietnam. He is currently leading the P&G business in Indonesia as CEO where he has been responsible for industry-leading growth and value creation for the company. Under his leadership, the Indonesian business has transformed to become value accretive for the parent company and has overtaken a formidable competitor in the market by turning around the share gap in the last four years. A passionate advocate for Equality and Inclusion, under his leadership, P&G has achieved the milestone of having 50 per cent women representation in their leadership team, the company shared. Vaidyanathan has also served as the chairman of Indonesia Chapter of US ASEAN Business Council.

    “It is a moment of great pride for me to come back to India and spearhead the P&G business,” said LV Vaidyanathan. “I am looking forward to being back in the market, learning more about the Indian consumers and serving their needs. For us, going forward, it will be important to continue the focus on our strategy which is delivering consistent results. We will continue to drive productivity improvements to fund investments in innovation and help drive balanced top-and bottom-line growth. As a focused and agile and accountable organisation operating at the speed of the market, we will also aim to lead constructive disruption across the value chain in the industry.”

    Madhusudan has been heavily invested in developing young Indian talent and grooming Indian talent for international roles within the company. Under his leadership, the company launched its ‘P&G Suraksha India’ program towards Covid relief where it contributed towards vaccine doses, oxygen concentrators, masks, and sanitizers for the protection of frontline workers and underprivileged communities. He has been instrumental in sharpening the company’s focus on environmental sustainability and P&G recently became one of the first FMCG companies in the country to achieve ‘plastic packaging waste neutrality,’ stated the FMCG major.

    “It has been a great honour to lead the P&G business in India, my home country where I started my P&G career. The four-year journey has been an enriching and rewarding one and I’m proud of what we have achieved together as the India team. I am delighted with the appointment of LV Vaidyanathan as my successor, one of India’s home-grown talents who I firmly believe has the right expertise to lead the growth of our business in India in the years to come. I am confident that he will continue to lead the P&G India business to greater heights and in turn, incrementally contribute to the overall growth for the parent company,” said Madhusudan Gopalan.

    “I want to thank Madhusudan for his outstanding leadership of the India organisation over the last four years and the transformation of the business to delivering consistent balanced growth and value creation,” P&G president for Asia Pacific, Middle East, and Africa Magesvaran Suranjan said. “Not only has his leadership been exemplary to guide the company through the pandemic, but he is also leaving the business well-positioned to win in India for years to come. I am thrilled with LV Vaidyanathan’s appointment as the India CEO, who has been an integral part of the P&G growth story for well over two decades. The moves for both Madhusudan and LV are testament to the strength of Indian talent and India’s importance as a talent factory for P&G globally.”