Future Group gets ex-Marico CFO Milind Sarwate onboard

Future Group today roped in ex-Marico Group CFO Milind Sarwate as an advisor to its FMCG arm Future Consumer Limited (FCL).

Sarwate will work closely with founders and senior leadership team of FCL in building a robust institutional framework for the FMCG arm, Future Group said in a statement.

His appointment is aimed at FCL's strategy and execution to be sharply focused on value creation, as the company "markets and distributes next generation FMCG products and brands for the fast moving consumer generation of today and tomorrow", it added.

Sarwate is currently the Founder and CEO of Increate Value Advisors LLP, having begun his second career - as an entrepreneur - in 2015 after 32 years in the corporate world.

Future Group CEO Kishore Biyani, who is also Vice Chairman of FCL, said: "With his rich experience, Milind Sarwate will shape and influence the way we institutionalise the organisation's culture and strategy." Sarwate said: "I look forward to being a key player in setting up FCL on a path of sustained value creation, especially in the shareholder value space." Sarwate has worked for 16 years with Marico and was a member of its Group Executive Committee. He has held various positions in finance (Group CFO) & HR (Group CHRO).