Marico Chief Financial Officer Vivek Karve to step down, Pawan Agrawal to replace him
Marico Ltd has confirmed that Vivek Karve, Chief Financial Officer, will be resigning, with effect from 10 September 2020. Pawan Agrawal to replace him.
Vivek joined the company in 2000 and was appointed as the CFO in April 2014. “In his 20 years’ stellar career in Marico’s Group Finance, Mr. Karve contributed significantly to the company’s growth and transformation journey,” the company said in a regulatory filing.
Pawan Agrawal is presently designated as Marico’s Executive Vice President & Head – Finance. He is a Chartered Accountant (2000), and a B.Com (Hons) Graduate (1999) from St. Xavier’s College, Kolkata. He has about two decades of leadership experience across various finance verticals like financial planning and analysis, corporate finance, treasury, investor relations, taxation and commercial functions in the FMCG domain, it said.
Pawan joined Marico in 2004 as Regional Operations Manager for South Sales Division in Hyderabad. He has spent over 15 years with Marico and contributed in areas of business finance, strategic business planning, cost optimization, international business operations, setting up internal control architecture, business process transformation and major taxation transition, the company said.
Prior to joining Marico, he worked with Eveready Industries for four years in internal audit and sales commercial functions across many locations.