Amit Burman has resigned as chairman of Dabur India Ltd. as part of a change in leadership at the ayurvedic products maker.
The resignation will be effective Aug. 10, according to an exchange filing on Friday. Amit Burman will continue to be the non-executive director of the company.
Mohit Burman, currently the non-executive vice chairman of the company, has been appointed as the non-executive chairman of the board of directors for a period of five years effective Aug. 11.
Amit Burman took over as the chief executive officer of Dabur Foods in 1999 when the company forayed into the processed foods business. He stepped down from this role when the company was merged into Dabur India Ltd. in July 2007. He was then appointed as the vice chairman of Dabur India, where he spearheaded its foray into the packaged foods business with the launch of fruit juices under the Real brand.
He took charge as the chairman of Dabur India in 2019.
Mohit Burman, 54, is the driving force behind the Burman family's entry into several high-growth and sunrise sectors of financial services like life insurance, sports, asset management, pensions and annuities besides agriculture and retailing.
The maker of honey and chyawanprash has also appointed Saket Burman as non-executive vice chairman of the board of directors for a period of five years starting Aug. 11.
Shares of Dabur fell as much as 1.6% and were trading 0.17% lower as of 10:30 a.m. on Friday.
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