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Praveen Someshwar appointed as CEO of United Spirits - Global Banking & Finance Review
Image of Praveen Someshwar, the newly appointed CEO of United Spirits, highlighting his transition from HT Media to the leadership role at the liquor company amid scrutiny. This reflects key changes in the finance sector.
Finance

United Spirits names HT Media boss Praveen Someshwar as new CEO

Published by Global Banking & Finance Review

Posted on January 14, 2025

1 min read

· Last updated: January 13, 2025

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United Spirits Appoints New CEO Praveen Someshwar

(Reuters) -United Spirits, the Indian arm of liquor company DIAGEO-RESULTS-d958c858-8700-4393-9951-19bfdc8be960>Diageo, said on Monday that HT Media boss Praveen Someshwar would join the company as managing director and CEO, effective April 1.

Someshwar will replace Hina Nagarajan, who after four years at the helm, is set to transition into a role on DIAGEO-RESULTS-d958c858-8700-4393-9951-19bfdc8be960>Diageo's global executive committee, the company said.

Someshwar has been CEO of HT Media, the owner of the Hindustan Times national daily, for five years. Prior to that, he worked with PepsiCo for 24 years, where he held a number of senior roles in various divisions.

The leadership change at United Spirits comes at a time when DIAGEO-RESULTS-d958c858-8700-4393-9951-19bfdc8be960>Diageo and its Indian unit, have faced scrutiny from federal and local investigative agencies due to allegations of suspicious payments, and other irregularities, that pre-dated Nagarajan's tenure at the helm of the company.

United Spirits said Someshwar will join the company on March 1, and formally takeover from Nagarajan a month later following the receipt of necessary regulatory approvals.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen Soreng and Anil D'Silva)

Key Takeaways

  • Praveen Someshwar appointed as CEO of United Spirits.
  • Someshwar succeeds Hina Nagarajan, joining Diageo's executive committee.
  • Someshwar was previously CEO of HT Media.
  • Leadership change amid scrutiny over past irregularities.
  • Someshwar to officially take over on April 1.

Frequently Asked Questions

What is the main topic?
The article discusses the appointment of Praveen Someshwar as the new CEO of United Spirits.
Who is Praveen Someshwar?
Praveen Someshwar is the former CEO of HT Media and has been appointed as the new CEO of United Spirits.
What changes are happening at United Spirits?
United Spirits is undergoing a leadership change with Praveen Someshwar taking over as CEO from Hina Nagarajan.

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