MAM
TBWA Worldwide ropes in Troy Ruhanen as president and CEO
MUMBAI: Omnicom Group has a new leader. The media agency has appointed Troy Ruhanen as president and CEO of TBWA Worldwide. Ruhanen succeeds Tom Carroll who will continue as chairman of TBWA Group. Jean-Marie Dru will continue to serve as TBWA Agency Network chairman.
“Under the leadership of Carroll, TBWA is recognised worldwide for its strong culture and award-winning creativity,” said Wren.
“At Omnicom, we place considerable emphasis on succession planning, and Tom and I have long agreed that Troy Ruhanen would be the right person to take the helm of TBWA. His experience in leading Omnicom agencies across geographies and categories makes this a seamless leadership transition that will build upon TBWA’s capabilities and reputation as one of the best in the business,” he added.
Ruhanen joins TBWA from parent company, Omnicom Group, where he was responsible for driving cross-agency collaboration for Omnicom’s largest clients. Prior to this, Ruhanen held multiple senior management positions at Omnicom Group agencies, including chairman and CEO, the Americas, BBDO Worldwide. In that role, he managed BBDO’s operations in North and South America including the Proximity direct, digital and CRM agency network. Previous posts at BBDO include deputy chairman, North America and managing director, New York.
“The opportunity to lead TBWA is a great honour because of the deep rooted creative culture and its unique strategic method in disruption. The willingness to break from convention and the expectation for fresh thinking creates an environment for bolder and more innovative platforms. This attracts talent, unlike others, and produces work that creates a competitive advantage,” stated Ruhanen.
“I love this network and I’m very proud of what we’ve become and more importantly where we are going. Troy and I have worked closely across a number of initiatives this past year and he’s the perfect person to take us to the next level,” commented Carroll.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
