Nestle India has appointed Nitu Bhushan, formerly the chief human resources head at Pernod Ricard, as its Head- Human Resources, in a leadership move that kicks in from March 2, 2026, the company said in a stock exchange filing.
Bhushan’s appointment has been announced amidst a host of top management changes over the next 15 months, which would cover finance and technical functions.
Who is coming in?
Bhushan is joining Nestle India after her stint at Pernod Ricard. The filing said she will take charge as HR head from March 2, 2026. According to the report, her LinkedIn profile lists previous leadership assignments at Abbott, Mondelez and HSBC.
Egon Zehnder International Ltd conducted the search, and the India board was not involved in the search process, according to sources.
What else changes at Nestle India?
Along with the HR appointment, Nestlé India announced multiple senior movements:
- Svetlana Boldina, executive director- finance and control and CFO, will move to a new assignment with a Nestlé affiliate and will relinquish office from January 31, 2026. The company said her successor will be announced later.
- Satish Srinivasan, executive director, technical, will retire on May 31, 2026.
- Accordingly, Jagdeep Singh Marahar has been appointed as Whole-time Director with effect from June 1, 2026, and during transition, he shall be designated Head-Technical.
The backdrop: a tighter packaged-foods battlefield
The leadership reset at the India unit comes amid “intense competition,” with legacy FMCG players such as Nestlé, ITC and HUL facing pressure from regional, local and direct-to-consumer brands, the report said, calling it a challenge to growth across packaged goods.
Recent context at the parent and the India unit
Nestle SA had announced in October that it would shed 16,000 jobs over the next two years as part of restructuring and a sharper focus on higher-return products, attributing the statement to its new CEO Philipp Navratil.
Manish Tiwary assumed the role of managing director and chairman of Nestlé India, starting as designate on February 1, 2025, after moving from Amazon.
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