Bang! Britannia Industries saw its shares tumble by 6%, hitting Rs 5,761.50 on November 11, 2025. Why? The company's top boss, Varun Berry, resigned from his posts of Vice-Chairman, Managing Director (MD), and CEO with immediate effect on November 10. The board accepted his resignation without making him serve the notice period – a rare and quick move! But don't worry, Britannia has a plan. Rakshit Hargave was officially named the new MD and CEO, to take charge from December 15, 2025. Until then, Executive Director and CFO N. Venkataraman will juggle double duties as interim CEO. Who is Rakshit Hargave? He is no stranger to big business. Previously, he was the CEO of Birla Opus, the paints division of Grasim Industries, where he built a rockstar team. He also created six high-tech manufacturing plants and expanded the company’s distribution all over India. His impressive resume includes stints at famous companies like Beiersdorf, Hindustan Unilever, Jubilant Foodworks, Nestle India, and Tata Motors, both in India and abroad. He holds an MBA from FMS Delhi and an engineering degree from IIT Varanasi – quite the brainy mix! The board’s November meeting wasn’t just about leadership changes. They spotlighted exciting growth plans: pushing innovation and diversification, fighting regional competitors by cutting costs, improving profits through sales and market share growth, exploring new related businesses, and widening Britannia’s global reach. The board showed strong faith in the new captain and his team to lead Britannia towards a tastier future. As Varun Berry exits, eyes are now on Rakshit Hargave to stir the giant biscuit maker’s journey ahead.