The multinational consumer goods company’s new appointment will take place from 1st April 2018. Madhusudan Gopalan’s new position will be effective following P&G India’s current MD Al Rajwani’s retirement in June after 37 years with the company.
Operating in previous roles including product supply, marketing and general management, this overlapping timeframe will help to foster a smooth transition period.
With over 18 years’ experience working for P&G’s various business units and diversifying geographies including countries in the ASEAN region and the US, Gopalan will be making the move from Indonesia to India.
"P&G is bullish on India and it is a priority market for the parent company,” Gopalan stated according to a report published by the Economic Times.
“The strategy for India will be to continue the progress we have made towards balanced growth to drive strong shareholder value.”
Priority will be given to expedite sales growth, maximise productivity and overall, enable the organisation to provide stronger and invested performance.
History to date
In the last three years, in support of its global strategy, P&G’s business in India has completed a portfolio transformation. This overhaul followed the release of results that indicated several unprofitable product lines. This led to sales growth in double-digit figures in the first half of the company’s financial year 2017-2018, ending December 2017.
Sustainability is a key priority for P&G, with the company reported to have invested over Rs 2,000 crores (€249.3 mn) in India during this timeframe. Investment and resources were ploughed into production facilities to overcome the cost of importing goods.