July 31, 2019 / 8:14 AM / 19 days ago

Coffee Day Enterprises names interim chairman

FILE PHOTO: An employee prepares coffee for customers at a Cafe Coffee Day outlet in Mumbai, November 2, 2015. REUTERS/Danish Siddiqui/File Photo

BENGALURU (Reuters) - Coffee Day Enterprises Ltd named S.V. Ranganath as interim chairman after founder V.G. Siddhartha was confirmed dead by the police on Wednesday.

Ranganath is currently a non-executive independent director.

The company has also set up a committee that will be vested with the powers of the chief executive and explore opportunities to deleverage the Coffee Day Group, the company said here

Reporting by Chandini Monnappa in Bengaluru; editing by Gopakumar Warrier

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