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Marico's Saugata Gupta Loses Top Spot In FMCG CEO Pay Scale
Gupta, who held the top spot for two consecutive years, has been replaced by Sanjiv Puri of ITC Ltd.
Marico Ltd. Chief Executive Officer Saugata Gupta saw a 6% decline in his annual salary in the last financial year, causing him to fall to the second spot on the list of highest-paid CEOs in the fast-moving consumer goods sector.He took home Rs 23.7 crore in a challenging year that was marked by a rural slowdown, input-cost volatility and stiff competition from local packaged goods peers. The remuneration includes fixed and variable ...
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