Co-founder and CEO of Third Wave Coffee, Sushant Goel, Steps Down from the CEO Position to Join the Board

In a significant development for Third Wave Coffee, Co-founder Sushant Goel will be stepping down from his role as CEO to join the company’s board, marking a strategic shift in leadership. Rajat Luthra has been announced as his successor, effective from the first quarter of 2024-25.

Under the stewardship of Sushant Goel, alongside Co-founders Ayush Bathwal and Anirudh Sharma, Third Wave Coffee has flourished, expanding its footprint to over 100 outlets across India. As CEO, Goel played a pivotal role in crafting the company’s business strategy and fostering strong investor relations.

Bringing a wealth of experience from his tenure as CEO of Kentucky Fried Chicken India and Nepal, Rajat Luthra assumes the mantle of leadership at Third Wave Coffee. His appointment reflects a strategic move to leverage his expertise in the QSR industry for the company’s continued growth and success.

Reflecting on his tenure as CEO and Co-founder, Sushant Goel expresses gratitude for the journey thus far, emphasizing the company’s achievements during its formative years. With a sense of pride in the company’s progress, Goel highlights the readiness for the brand to embark on its next phase of growth. Transitioning to the board, Goel remains committed to contributing to the company’s vision and expansion from a fresh perspective. Praising Rajat Luthra’s extensive experience in the QSR industry, Goel expresses optimism about Third Wave Coffee’s future under Luthra’s leadership.

In a unified statement, representatives from investor companies Westbridge Capital and Creaegis express gratitude to Sushant Goel for his pivotal role in shaping Third Wave Coffee’s journey thus far. As Goel transitions to his new role on the board, confidence abounds in his ability to provide strategic guidance. Together, under Goel’s continued mentorship and Luthra’s leadership, Third Wave Coffee is poised to seize new opportunities and elevate the company to unprecedented heights.

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