Coffee Day to expand board, Siddhartha's wife to be non-executive chairman

After the resignation of Sulakshana Raghavan last week, the board is planning to induct two independent directors soon

Debasis MohapatraBibhu Ranjan Mishra Bengaluru
Cafe Coffee Day outlet in Connought Place in New Delhi | Photo - Dalip Kumar

Cafe Coffee Day outlet in Connought Place in New Delhi | Photo - Dalip Kumar

Coffee Day Enterprises is planning to expand its board and appoint of a full-time chairman, besides induction of two independent directors, soon.
Sources privy to developments said Malavika Hegde, wife of founder of Coffee Day Group V G Siddhartha, is likely to take up the role of non-executive chairman.
A full-time chairman is expected to stabilise the operations of the company after the death of Siddhartha, whose body was recovered last month under mysterious circumstances.

Also Read

V G Siddhartha: A lot happened over coffee for the CCD founder

V G Siddhartha's financials stayed weak after selling his Mindtree stake

V G Siddhartha disappearance: Friends, peers and family in a state of shock

Letter to BS: Blaming I-T dept for Siddhartha's unfortunate fate is wrong

CCD crisis: I-T officer draws flak for tax terrorism day before retirement

For Britannia Industries, slowdown an opportunity to increase market share

NCLT allows ban on Deloitte, BSR for alleged auditing lapses in IL&FS firm

Executive coaching in India: finding roots in a hard business environment

Plan to double production capacity in India, use it as export hub: Oppo

NCLT rejects IL&FS Financial Services auditors' plea challenging 5-year ban

First Published: Aug 09 2019 | 7:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to