Brewery stock Asgard Alcobev shares jump nearly 4% on Tuesday, March 24 following the appointment of Rohit Jain as Chairman Emeritus & Strategic Advisor to the Board for a five-year term, the beverage company aims to retain and establish experienced leadership at a strategic level.
Jain offers a diverse background that includes experience in breweries, distilleries, cement, steel, and related industries. As a founding member of CMJ Breweries, which was launched in 2007, he played a key role in transforming the company into a well-recognized entity with a regional footprint and market credibility.
His expertise in business expansion, with an emphasis on maintaining quality and cost efficiency, along with his proficiency in operational execution and resource management, has been highlighted by the company.
The organization will gain from his insights, experience, and wisdom in a consultative role, as stated by the company.
Recently, the firm named Ronak Jain as Managing Director, starting March 19, 2026, as a part of its strategic reorganization. Jain brings more than 15 years of expertise in manufacturing, distribution, corporate strategy, and financial management, equipping him to guide the company’s next growth phase.
In addition, the company enhanced its leadership team by appointing Priyanka Jain as Additional Director (Non-Executive) and Binit Singhania as Chief Financial Officer and Finance Director.
(more to come)