Aditya Khaitan takes over McLeod Russel as the new chairman

The development comes at a time when McLeod Russel has been selling its tea assets in India and Africa to pare debt

Aditya Khaitan, the younger son of Brij Mohan Khaitan, has taken over as chairman of McLeod Russel. BM Khaitan tendered his resignation from the post, citing old age.

B.M. Khaitan, the patriarch, will, however, continue to be on the company’s Board as chairman emeritus. The scion, before this elevation, was the vice chairman of the world’s largest bulk tea producer.

“At the Group level, the focus will continue to be deleveraging to reduce the debt level. At this juncture, we are headed towards the closure of the current fiscal year and it would be too early to say the extent of the