Food varieties suppliers firm Jubilant FoodWorks Ltd (JFL’s) outgoing chief govt Pratik Pota is scheduled to join client durables creator Eureka Forbes Advent International as chief govt officer, two chiefs quickly aware of the occasion referenced. Pota ventured down as chief govt and entire time overseer of JFL, the corporate referenced in a change submitting on March 11.
Pota, who drove JFL, India’s biggest meals suppliers firm which works Domino’s Pizza and Dunkin Donuts and repositioned Domino’s, will continue in his current situation until June 15, 2022. He had composed on his Twitter deal that he “will be moving to pursue a quasi-entrepreneurial opportunity”.
“This (Pota’s exit) is a negative development, as he has been instrumental in turning the business around. JFL’s franchise strength remains intact and it has scaled up enough to weather this. However, in the interim, before a new CEO is appointed, uncertainty on execution may prevail, given Dominos’ ongoing rapid expansion, and multiple initiatives that are in nascent stages,” Edelweiss Securities govt director – institutional equities Abneesh Roy wrote in a report.
JFL’s new pursuits in meals suppliers incorporated Hong’s Kitchen, Ekdum Biryani and Popeyes’ in Pota’s residency, in addition to a stake securing in DP Eurasia (the exceptional handle franchisee of the Domino’s Pizza model in Turkey, Russia, Azerbaijan and Georgia).