Premium beauty brand SUGAR Cosmetics has roped in Amit Aggarwal as its chief financial officer (CFO) to oversee the company's financial operations including financial planning and analysis, reporting, taxation, risk management and treasury operations.
Apart from strengthening the core leadership team by focusing on corporate governance and risk management, he will additionally champion growth initiatives while leading the finance controlling, legal, tax, customs, business risk, and compliance teams, the company said in a statement.
Aggarwal joins SUGAR Cosmetics from Marico Limited where he was the head of finance - India business.
With over two decades of experience, he has also been associated with large multinational companies such as Nestle India, and Price Waterhouse Cooper. A chartered accountant and an alumni of IIM Kolkata, he has managed various roles in finance functions ranging from planning, costing, project management, controlling, accounting, business partnering, and assurance.
"We are delighted to welcome Amit as our chief financial officer. His vast experience and ability in handling financial decisions will help us grow responsibly towards our goal of an eventual IPO. We look forward to him working closely with our numerous business units to implement the company's vision of balancing aggressive expansion with an eye on profitability,” said Vineeta Singh, co-founder and chief executive officer of SUGAR Cosmetics.
"It is very exciting to be a part of such an ambitious team that’s building such an admired brand. I look forward to collaborating with internal and external stakeholders to accelerate the company's strategic growth and path to profitability while strengthening its fundamental systems, processes and governance,” added Aggarwal.