Coffee Day appoints late founder V G Siddhartha's wife as CEO

Daughter of former Karnataka chief minister SM Krishna, she was earlier non-exec director at the firm; has been named at a time when the company's growth continues to decline

Coffee Day Enterprises, the owner of the Cafe Coffee Day chain, has appointed founder and former chairman VG Siddhartha's wife Malavika Hegde as its chief executive officer.

“Malavika Hegde, Director of the Company, has been appointed as Chief Executive Officer of the Company with effect from December 7, 2020,” said the company in a BSE filing on Monday.

Daughter of former Karnataka chief minister SM Krishna, she was earlier the non-executive director at the company and has been appointed at a time when the company continues to see a decline in growth. 

The Bengaluru-based company had reported a revenue of