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CEOWORLD magazine - Latest - Banking and Finance - United Spirits Appoints Praveen Someshwar as New CEO

Banking and Finance

United Spirits Appoints Praveen Someshwar as New CEO

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United Spirits, the Indian subsidiary of global liquor giant Diageo, announced on Monday that Praveen Someshwar, the current CEO of HT Media, would take over as managing director and CEO, effective April 1. Someshwar is set to succeed Hina Nagarajan, who will transition to a position on Diageo’s global executive committee after leading United Spirits for four years.

Someshwar brings a wealth of experience to his new role, having served as CEO of HT Media, the parent company of the Hindustan Times, for five years. Before joining HT Media, he spent 24 years at PepsiCo, holding several senior leadership positions across various divisions.

The leadership transition comes at a challenging time for United Spirits, as both Diageo and its Indian unit have recently faced scrutiny from federal and local investigative agencies over allegations of irregularities and suspicious payments. These issues, however, occurred prior to Nagarajan’s tenure as CEO.

United Spirits stated that Someshwar will formally join the company on March 1 and take over from Nagarajan one month later, following the completion of necessary regulatory approvals. His appointment is expected to mark the beginning of a new chapter for the company as it navigates through ongoing challenges while focusing on growth and leadership in the Indian market.

 

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CEOWORLD magazine - Latest - Banking and Finance - United Spirits Appoints Praveen Someshwar as New CEO
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz