Samaresh Parida leaves his position as Finance Director with PepsiCo (USA) to join Avesthagen in Bangalore.
Parida (47) had an 18 year stint with PepsiCo where he handled a breadth of functional areas including strategic planning, corporate finance, risk management and business process transformation as well as held strong operating positions.
He led several high profile Acquisition/ Merger and Restructuring transactions worth in aggregate over $20Billion including the high profile acquisition of Quaker Foods, Gatorade and other major acquisitions in Mexico, Germany, Brazil, Chile, Egypt, Russia and India. Prior to this, this Chartered Accountant, Cost Accountant and MBA from IIM - Ahmedabad worked with DCM Toyota and Andersen Consulting.
"I was looking to come back to India to be a part of this new and buzzing Indian economy and rather than join a traditional large conglomerate or an MNC, I was excited by the energy, vision and talent at Avesthagen. This is a company poised for a great future with global tie-ups with companies such as Danone, Nestle, Cipla, Limagrain to name a few and acquisitions made and planned across the globe", says Parida.
Dr. Villoo Morawala-Patell, Founder and Managing Director, Avesthagen said "With Samaresh joining Avesthagen the company gets stronger management with a global business commitment."
Sourced From: LINOpinion - The Lintas Public Relations Division
