Britannia Industries Limited announced that Mr. Raju Thomas, who is currently the Chief Financial Officer of the company, will be relinquishing his office as CFO effective February 01, 2013 and Mr. Vinod Menon, currently the Vice President for Strategy and New Business Development in Britannia, will take over charge as the new CFO as from that date. Varun Berry, former CEO of PepsiCo Foods, is joining Britannia Industries as its chief operating officer and vice-president, marketing, sales and innovation. Berry, who quit the American beverage and snacks firm in February last year, will be the second most senior official at the biscuit and cookie maker after MD and CEO Vinita Bali.

Neeraj Chandra, vice-president and COO at Britannia, will now head strategy and new business development. Berry moves in from PepsiCo India, where he was the chief operating officer for the company's food division, PepsiCo Foods India. With this move, Berry replaces Neeraj Chandra, who has been promoted and will take over as vice-president, strategy and new business development.