Cafe Coffee Day Announces Late Siddhartha's Wife Malavika As New CEO

Seventeen months after the death of Cafe Coffee Day founder-chairman V.G. Siddhartha, Coffee Day Enterprises board has appointed his wife Malavika Hegde as its CEO. As per reports, she has been given the top post with an urgent effect. After the demise of Siddhartha, an Independent board member S.V. Raghunath headed the company as an interim-chairman. Earlier in July 2019, V.G. Siddhartha had committed suicide due to alleged financial burden.