MAM
Carat & dentsu X announce senior leadership appointments
New Delhi : Dentsu International on Friday bolstered its senior leadership team with the appointment of Fiona Lloyd as the global client & brand president at Carat and Sanjay Nazerali as the new global client & brand president, dentsu X.
The two executive appointments mark the culmination of a strategic re-set of global brand leadership within the dentsu international global media agency brands: Carat, dentsu X and iProspect.
Dentsu international, global CEO Media & Global Clients, Peter Huijboom said, “We now have new faces and fresh thinking driving each of our global leadership media brands, each with the determination and spirit needed to deliver meaningful progress and growth for our clients and our business. Even before taking on these new roles, both Sanjay and Fiona have already been instrumental in shaping our new, simpler and streamlined market proposition. Sanjay helped to establish and grow the dentsu X brand outside of APAC when it launched and Fiona has been driving an entire global rebrand of Carat and created its new ‘Designing for People’ proposition ready for the next phase of our growth plans.”
Lloyd has been with dentsu since 2005. Starting first as an account director, she has held key leadership roles in both the Carat UK and Global business, including chief client officer and global CMO. Most recently, as MD Carat Global she spearheaded the global re-brand. Lloyd on her new role and the direction of the brand said, “Empathy, collaboration and value exchange are at the heart of our brand. I’ll be focussed on driving these hard across our network to ensure Carat continues to be the industry powerhouse it is, maximising the contribution media makes to growth for our clients and creating a place where our people can thrive.”
Nazerali joined dentsu over seven years ago, originally at Carat as global chief strategist, he then moved over to dentsu X in 2018 as part of the plan to make the brand a worldwide media agency, outside of its Japanese heartland. Since then, dentsu X has been on an upward trajectory and was named the fastest growing agency by RECMA for two years. Before joining dentsu, he was SVP marketing at the then newly-launched MTV Europe and subsequently the first ever Global CMO at BBC News.
Talking about his ambition for the brand, Nazerali said,“dentsu X is dentsu international’s bridge builder, across clients, partners, and civil society, creating value for all. We’re the radical collaborators who forge meaningful progress through awe inspiring work.”
Lloyd and Nazerali, alongside Amanda Morrissey, who joined as global president of iProspect in October 2020 now form the global leadership of the three global media brands within dentsu international.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
