Fonterra Future Dairy appoints Ishmeet Singh as CEO
By Retail4Growth Team | January 10, 2019
Ishmeet Singh has over 25 years of experience in top multinationals and FMCG companies such as Mattel, Vodafone, Hindustan Unilever and Coca-Cola.
Fonterra Future Dairy, a new joint venture between global dairy nutrition company Fonterra Co-operative Group and new age FMCG company Future Consumer, has appointed Ishmeet Singh as its CEO.
Singh has joined the business on January 7th to deliver its plans of bringing high value and innovative dairy products to the Indian consumers.
Over the last 25 years, Singh has worked at top multinational and FMCG companies such as Mattel, Vodafone, Hindustan Unilever and Coca-Cola.
Most recently, he led the business at Mattel, largest toy manufacturer in the world, as its Country Manager for India and the SAARC region. Previously, he held the role of Business Head at Vodafone India for over 5 years, leading remarkable revenue growth and retail expansion in many circles including Mumbai and Maharashtra.
“Over the next seven years dairy consumption is set to increase by 82 billion litres – seven times the forecasted growth for China. I feel extremely privileged to be able to lead this new opportunity as we look to bring an enhanced dairy experience to Indian consumers. I firmly believe through Fonterra Future Dairy we have a huge opportunity to challenge and change the market, combining Fonterra’s global dairy innovation, manufacturing and nutrition expertise with Future Group’s leadership in retail and distribution expertise and infrastructure,” Singh said in a statement.
Forging a business growth with huge plan to strengthen their presence in both physical and virtual market, Future Consumer Ltd has entered a JV with New Zealand’s multinational dairy co-operative Fonterra. The JV will foster Future Consumer’s FMCG and dairy portfolio.
UK-based retail giant denies reports that govt arm-twisted it to get into a multi-brand JV with Tata Group.