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Cafe Coffee Day Founder’s wife Malavika Hegde appointed as company’s CEO
Team Udayavani, Dec 7, 2020, 8:11 PM IST
Cafe Coffee Day’s late Founder and former Chairman VG Siddhartha’s wife, Malavika Hegde, was appointed as Coffee Day Enterprises Ltd’s CEO with immediate effect on Monday.
Her appointment comes more than a year after the coffee baron was found dead in a river near Mangaluru in an apparent suicide. Until now, Malavika Hegde was serving as a non-executive director.
Bengaluru-based Cafe Coffee Day runs hundreds of coffee shops across India that brew cappuccinos and lattes for India’s booming moneyed class and compete with the likes of Starbucks Corp, Barista and Coca-Cola Co-owned Costa Coffee.
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