Coffee Day Enterprises Ltd on Monday said it has appointed Malavika Hegde as chief executive officer, from her earlier role as non-executive director. Hegde is the wife of late V.G.Siddhartha, the founder of Coffee Day Global Ltd and Amalgamated Bean Coffee Trading Co. Ltd. The company also appointed three additional directors in the capacity of non-executive independent directors, CCD said in a filing to the Bombay Stock Exchange. Siddhartha was one of the biggest names in the coffee industry and his Amalgamated Bean Coffee Trading Co. Ltd and Coffee Day Global Ltd had provided jobs for over 100,000 people directly and indirectly. A court in the coffee growing region of Chikmagaluru is presently hearing a case of cheating against Malavika Hegde and other senior executives in the firm over non-payment of does.

Source: Mint December 07, 2020 12:33 UTC