Global beverages giant The Coca-Cola Company’s India and South West Asia unit has appointed Sarvita Sethi as vice president of mergers and acquisitions, and new ventures in a management reshuffle.
Sethi was earlier vice president of finance for Coca-Cola India and South West Asia.
“We believe there are significant opportunities that lie ahead of us to grow our portfolio and meaningfully penetrate the market,” said T Krishnakumar, president, Coca-Cola India and South West Asia.
“It is our constant endeavour to strengthen the leadership team for a strong sustainable future growth," he said in a statement on Tuesday.
Sethi, who is an alumnus of the University of London, has worked across central, northwestern and southwestern zones of Europe for Coca-Cola since 2008. A chartered accountant, Sethi joined the India and the South West Asia unit in 2016.
Meanwhile, Harsh Bhutani will take over Sethi’s role with effect from August 1. Bhutani is currently handling finance and business services verticals for Hindustan Coca-Cola Beverages Pvt Ltd as executive director and CFO for the past three years.
Sethi’s appointment comes at a time when the beverages giant is said to have initiated talks to acquire a stake in Café Coffee Day, India’s largest coffee retail chain, from Coffee Day Enterprises Ltd as part of efforts to expand its non-carbonated products business.
Earlier, Coca-Cola was also said to be among the bidders for GlaxoSmithKline PLC’s consumer nutrition business and the Indian consumer division of The Kraft Heinz Company.