Del Monte Foods announces Abhinav Kapoor as new CEO
Bharti Enterprises and Del Monte Pacific Ltd, on Thursday announced Abhinav Kapoor as its new chief executive officer with immediate effect. He will lead the Del Monte Foods senior leadership team across functions and steer long-term strategy for the business, a company statement said. According to Harjeet Kohli, joint managing director, Bharti Enterprises, Kapoor will also amplify focus on the B2B and B2C spaces.
Kapoor was previously vice president, sales at VIP Industries, where he was overseeing P&L, multiple channels and sales, the company said in a statement, adding that Kapoor has over two decades of experience in sales and distribution within consumer businesses. He has previously held leadership positions at Cavinkare, Britannia Industries, Mondelez and Marico, the statement said.
He succeeds former chief Mahesh Kanchan.
Del Monte Foods sells juice fruit drinks, olive oil, pasta, mayonnaise, ketchup and dried and canned fruits in India.
Bharti Enterprises and global investment group E.L. Rothschild had formed an equal joint venture, FieldFresh Foods, in 2004, to produce and export fresh vegetables and fruits. Three years later, in 2007, the Singapore-listed Del Monte Pacific Ltd acquired 40.1% stake in FieldFresh Foods for $20.8 million.
Bharti continued to hold 50% in the company, with Rothschild staying in the company as a minority partner. Later, in 2021, FieldFresh Foods was renamed Del Monte Foods Pvt Ltd, which the company had attributed to creating a “sharper focus on branded processed foods and
