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Jubilant FoodWorks CEO Pratik Pota steps down to pursue new opportunities

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Jubilant FoodWorks CEO Pratik Pota steps down to pursue new opportunities

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Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin’ Donuts outlets, said the company had started the process of identifying a successor. 

Pratik Pota, the chief executive officer and whole-time director of Jubilant FoodWorks, has stepped down from the role. He will continue till June 15. Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin’ Donuts outlets, said the company had started the process of identifying a successor.
"We wish to inform you that the board of directors of the company, in their meeting held on March 11, accepted the resignation of Pratik Rashmikant Pota as the CEO and whole-time director as he wishes to pursue opportunities outside Jubilant FoodWorks. He will continue in his current role till June 15," the company said in an exchange filing on Friday.
Pota had succeeded Ajay Kaul to join Jubilant FoodWorks as CEO and whole-time director in April 2017. Before his stint at Jubilant FoodWorks, Pota held various leadership roles at Bharti Airtel, Hindustan Unilever (HUL), and PepsiCo. He has over 24 years of experience in FMCG and telecom. He is an alumnus of BITS Pilani and the Indian Institute of Management-Kolkata.
In the filing, the company said: "The board places on record its sincere appreciation for the outstanding contribution made by Pota during his tenure with the company and wishes him the very best in his future endeavours. The board has also initiated the process of identifying his successor."
Jubilant FoodWorks is a part of the Jubilant Bhartia Group, owned by Shyam Sunder Bhartia (husband of Shobhana Bhartia) and Hari Bhartia.
Jubilant FoodWorks posted a net profit of Rs 133.2 crore in the financial year 2021-22, a jump of 7.5 percent year-on-year. The company had posted a net profit of Rs 123.9 crore in the corresponding quarter of the previous fiscal. However, the company missed Street estimates by 11.2 percent. CNBC-TV18 poll of analysts had pegged the company’s net profit to rise to Rs 150 crore. In January the company had announced a stock split. Its equity shares had a face value of Rs 10 each at the time.
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