KKR-backed Vini Cosmetics has appointed Vishal Kaul as its chief government officer (CEO). Kaul will work alongside Vini’s board of administrators to execute the corporate’s development plans, together with new merchandise and classes, within the newly created position of CEO. He may also be accountable for day-to-day operations and executing the corporate’s long-term technique. The appointment is efficient from February 2022.
“Appointing a consumer-centric and digitally savvy CEO of Vishal’s caliber who can lead Vini into its subsequent part of development was one in every of our and KKR’s high priorities. We welcome his experience in reworking world shopper companies, along with his sturdy entrepreneurial perspective and deep understanding of the Indian market and shoppers. Alongside our shareholders, we totally again Vishal and look ahead to supporting his work to realize Vini’s imaginative and prescient of changing into a number one supplier of non-public care merchandise globally,” Darshan Patel, chairman, Vini, stated.
Kaul was introduced on board after a rigorous world search course of that adopted funding agency KKR’s acquisition of a majority stake in Vini in July 2021, Vini stated in a press release. Kaul brings with him greater than twenty years of expertise in world model and basic administration. He’ll be a part of the corporate from PepsiCo India. As vp and enterprise head, drinks enterprise for India, Bangladesh, Sri Lanka, Nepal, and Bhutan, he’s credited for turning across the enterprise of the phase and main the worthwhile development.
“It’s a privilege to work intently with Darshanbhai and Dipambhai, who’re trailblazers on this trade and have created market-leading manufacturers which have develop into family names. More and more shoppers are searching for life-style upgrades, high quality merchandise, and providers. I’m assured that we at Vini will proceed to innovate and supply a consumer-centric portfolio which can serve the present and evolving wants of our shoppers,” Kaul acknowledged.
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