Restaurant Brands Asia names Sumit Zaveri CEO for India business

Management change
quick service restaurants

Blacklitt Research29 October 20262 min read

A burger served with fries. — Photo by Jonathan Borba on Unsplash (Unsplash License). Illustrative image.

Restaurant Brands Asia (NSE: RBA) has appointed Sumit Zaveri as Chief Executive Officer – India Business with effect from 1 Nov 2026, it said in a filing on 29 Oct 2026. The appointment changes his designation from Group Chief Financial Officer and Chief Business Officer.

Key highlights

Effective date: 1 Nov 2026
Board approval: 29 Oct 2026, on the Nomination and Remuneration Committee's recommendation
Experience cited in the filing: more than 28 years
Reports to: Rajeev Varman, Group Chief Executive Officer and Whole-time Director

The appointment in brief

Item	Detail
Person	Sumit Zaveri
New role	Chief Executive Officer – India Business
Previous designation	Group Chief Financial Officer and Chief Business Officer
Effective date	1 Nov 2026
Reports to	Rajeev Varman, Group Chief Executive Officer and Whole-time Director
Status	Continues as a Key Managerial Personnel
Associated with the Company since	23 Sep 2019
Experience cited	More than 28 years in finance control, treasury, budgeting and management information systems
Reason given	Recommendation of the Nomination and Remuneration Committee

A move from finance and business roles to the India business

Zaveri's new title is Chief Executive Officer – India Business, and it replaces his designation as Group Chief Financial Officer and Chief Business Officer. He will continue to serve as a Key Managerial Personnel and will report to Rajeev Varman, Group Chief Executive Officer and Whole-time Director.

Background in finance and business roles

Zaveri has been associated with the Company since 23 Sep 2019. His responsibilities cover finance and accounting, business development, statutory compliance, capital expenditure, supply chain, investor relations and information technology. Before joining the Company, he worked with Natures Basket Limited and with Tata Starbucks Limited, Tata Global Beverages Limited and The Indian Hotels Company Limited.

Other decisions at the same meeting

The Board also approved the appointment of Shivakumar Dega as an Independent Director for five consecutive years from 29 Oct 2026 to 28 Oct 2031, subject to shareholder approval, and of Anand Bathiya as an Additional Director (Non-Executive and Non-Independent) from 29 Oct 2026. It designated six persons as Senior Management Personnel from 1 Nov 2026.

The same meeting approved an investment of not exceeding IDR 250 billion in PT Sari Burger Indonesia, a subsidiary, through optionally convertible preference shares.

What the appointment means for Restaurant Brands Asia's shareholders

Zaveri's remuneration, the effect of the change on the Company's results, and any reason beyond the Nomination and Remuneration Committee's recommendation are not stated.

The next dated step is the effective date of 1 Nov 2026. The Company would seek members' approval for the relevant agenda items through postal ballot.

Reference: Original filing (PDF)

Sign up to continue reading

Create a free account to read the rest of this article and the analysis that follows.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.