THE WHAT? L’Oréal has announced the appointment of Aseem Kaushik as Managing Director for India, succeeding Amit Jain who will retired at year-end, according to a report by Exchange4Media. 

THE DETAILS Kaushik has been with L’Oréal for 27 years, holding numerous leadership roles within the group. 

Jain will continue with the company as Chairman of L’Oréal India with the aim of building on key stakeholder relationships in the country. 

THE WHY? Discussing Kaushik’s appointment, Jain said: “Aseem was one of the pioneers who set up new businesses and paved the foundation of growth for L’Oréal in India today. I am delighted to welcome him back following his assignments abroad and pass on the reigns to him. He is a born entrepreneur, and his transformative leadership will help take L’Oréal India to new heights.”