Britannia Industries Ltd. on Wednesday dispelled speculations over resignation of its Managing Director Varun Berry.
Berry was re-appointed as the managing director for five years effective April 1, 2019, following his six years stint in the company from 2013, said Britannia while terming the speculations as "false", "incorrect and baseless".
"There have been false speculations over the last few days on Varun Berry's resignation from the company. We would like to clarify that these rumours are incorrect and baseless," Britannia said in a statement.
Britannia has seen strong results in Berry's tenure and is trying to be a "global total foods company", said the biscuit maker.
Berry had joined Britannia Industries, which owns popular biscuit brands Good Day, Tiger, Milk Bikis and Marie Gold, from food and beverage firm PepsiCo Inc. in 2013.
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