ITV News
Škoda Auto Volkswagen India names Nitin Selot as executive director – finance, IT and legal affairs
Selot to lead finance, IT and legal as group sharpens India growth
MUMBAI: Škoda Auto Volkswagen India Private Limited has appointed Nitin Selot as executive director for finance, IT and legal affairs, placing a seasoned hand on the wheel as it looks to fine tune its India growth story.
Škoda Auto Volkswagen India Private Limited said Selot’s appointment, effective 19 February 2026, comes at a time when the Group is streamlining processes and strengthening the bedrock of its India operations. As chief financial officer, he will steer financial strategy while also driving IT transformation across the business.
The company manages the India operations of six brands including Škoda Auto, Volkswagen, Audi, Bentley, Lamborghini and Porsche, and operates manufacturing facilities in Pune and Chhatrapati Sambhajinagar.
Škoda Auto a.s. board member for finance, IT and legal affairs Holger Peters, said India remains the company’s most important market outside Europe. He added that Selot’s cross-industry experience and track record in handling complex financial and IT transformations would help strengthen governance and build operational resilience in the country.
Savwipl managing director and chief executive officer Piyush Arora, noted that as the company doubles down on its local for local strategy, a sharper financial framework and more agile IT systems will be key to sustaining momentum.
Selot brings 35 years of experience in strategic financial planning, regulatory governance and end to end financial management. Before joining Savwipl, he held senior leadership roles at JCB India, Compass Group India, Shell and Mars Wrigley.
He holds an ACMA from the Institute of Cost & Management Accountants of India, an MBA in Finance from the Institute of Management Technology, Ghaziabad, and is an associate company secretary from the Institute of Company Secretaries of India.
ITV News
Marico hands Pawan Agrawal charge of international business alongside CFO role
The consumer goods company restructures its global operations, with two regional heads now reporting to Agrawal and losing senior management personnel status from April 1st
MUMBAI: Marico Limited has given its group chief financial officer a bigger brief. The consumer goods company has elevated Pawan Agrawal to the dual role of group CFO and chief executive officer of its international business, effective April 1st, 2026, the company disclosed in an exchange filing on Wednesday.
The expanded mandate puts Agrawal in charge of Marico’s global operations across all markets, adding to his existing oversight of the company’s international business in Southeast Asia and Bangladesh. Two regional heads will now report directly to him: Binjit Kadakapcedlikayal, executive vice president for the Middle East and North Africa, and Ryan Bartram, managing director of Marico South Africa. As a result of the restructuring, both executives will cease to be classified as senior management personnel from April 1st, 2026.
Agrawal is no newcomer to the Marico story. He joined the company in 2004 and has spent over 25 years building expertise across financial planning and analysis, corporate finance, treasury, investor relations, taxation and governance. He has been a central figure in Marico’s push into digital-first brands, with acquisitions including Beardo, Just Herbs, True Elements, Plix, 4700BC and Cosmix all bearing his fingerprints.
Before Marico, Agrawal spent four years at Eveready Industries. A chartered accountant, he holds a B.Com (Hons) degree from St. Xavier’s College, Kolkata, and was named CFO of the Year in the consumer sector at the CII CFO Excellence Awards 2023-24.
Twenty-five years in the making. Marico has clearly decided Agrawal has earned the keys to the world.
