Westlife Foodworld Ltd has announced a key managerial change, elevating Akshay Jatia, who was previously serving as the Executive Director (Whole Time Director), to the position of Chief Executive Officer (CEO). This change takes effect from the close of business hours on March 18, 2025, as per the company’s filing with the stock exchanges.
Amit Jatia, the outgoing CEO, will step down from the executive role but will continue to serve as a Director on the company’s board. The company has clarified that this leadership change does not affect the composition of the Board of Directors for either Westlife Foodworld Ltd or its subsidiary, Hardcastle Restaurants Private Limited. Saurabh Kalra will continue in his role as the Managing Director of Hardcastle Restaurants.
Westlife Foodworld Ltd, a key player in the Indian Quick Service Restaurant (QSR) space, operates McDonald’s restaurants in West and South India. The appointment of Akshay Jatia as CEO comes at a time when the company is focusing on expanding its presence and strengthening its market leadership in the QSR industry.
Shares of Westlife Foodworld Ltd saw a 2.27% rise today, trading at ₹723.90, following the announcement.
