MAM
Café Coffee Day makes management-level appointments post founder VG Siddhartha’s tragic demise
MUMBAI: Following the tragic demise of Cafe Coffee Day (CCD) founder VG Siddhartha, who was also known as the ‘Coffee King’ of India, the company board has made some key appointments in the top management. It has also resolved to thoroughly investigate the matters related to financial transactions, which were made outside the knowledge of the senior management, auditors, and the board, and were mentioned in Siddhartha’s last letter to his team and employees.
The Board has appointed SV Ranganath as the interim chairman of the board and Nitin Bagmane as an interim chief operating officer of the company. It has also constituted an executive committee comprising non-executive independent director SV Ranganath and CFO R Ram Mohan to exercise the powers previously vested with the chief executive officer of the company and the administrative committee constituted by the board in 2015.
It mentioned in a statement, “The board will, in due course, prepare a detailed charter of authorities vested in the executive committee and approve the same. The executive committee will, inter alia, explore opportunities to deleverage the Coffee Day group.”
VG Siddhartha went missing in the evening of 29 July while he was on his way to Mangaluru from Bengaluru. Around 6.30 pm, he asked his driver to stop the car at a bridge near Ullala and did not return. A panicked driver informed his family and the police. Siddhartha’s body was recovered from Netravathi river, today morning.
Before allegedly committing suicide, he had sent his employees a letter indicating that he is in debt. He also mentioned that tax authorities were harassing him.
Taking in account the same, the board wrote in its statement, “The board took cognizance of statements in the purported letter from VG Siddhartha relating to financial transactions outside the knowledge of the senior management, auditors and the board. While the authenticity of the letter is unverified and it is unclear whether these statements pertain to the company or the personal holdings of VG Siddhartha, the board took serious note of the same and resolved to thoroughly investigate this matter.”
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
