MAM
Kellogg onboards Prashant Peres as MD, India & South Asia
Mumbai: Breakfast cereals manufacturer Kellogg India has announced the onboarding of Prashant Peres as managing director for the India and South Asia markets. In this role, Peres will be based in Mumbai and steer the business forward in its endeavour to serve consumers with its wide array of food offerings.
Mohit Anand, who joined Kellogg in 2017 and served as managing director, India & South Asia, has been elevated to the role of general manager, snacks portfolio for Kellogg AMEA (Asia Pacific, Middle East and Africa), based in Singapore.
“We are pleased to appoint Prashant Peres to lead the Kellogg South Asia business. We believe that his strong experience will help build on our sustainable growth momentum in the market, develop our talent, and bring more food innovations to our consumers,” said Kellogg AMEA president Shumit Kapoor. “Mohit is an excellent leader with rich India and Asia experiences gathered over the years. I am excited to have him join us here in Singapore and unlock the potential of the snacks category across markets.”
Peres is an FMCG industry veteran, with nearly 25 years of experience in the foods, snacks, beverages and personal care categories across diverse markets in Asia, ANZ and Africa. He joins Kellogg from Mondelez International where he led the Indonesia business as president and MD. Prior to this, he led the chocolate business for Mondelez in India.
Prior to that, Peres was with Unilever as vice president for foods, South Asia. His earlier stints include several senior roles in sales and marketing at Unilever in the South Asia region, Turkey, Africa, Middle East, South East Asia, and China.
“The challenge of leading a business in India is always thrilling, but more so when it is a legacy brand such as Kellogg,” said Prashant Peres. “I am looking forward to step into this role and play a part in augmenting Kellogg’s commitment to serving its consumers and communities with its wide range of cereals and snacks. We are in an exciting place as a business with a fantastic opportunity for nutritious food offerings before us. I am looking forward to growing it further along with the passionate team at Kellogg South Asia.”
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
