Agribuys, a leading supply chain integrator for the global food industry, has promoted Vijay Yajnik to CEO and president. He has also been elected to the board of directors of the company.
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Yajnik joined Agribuys this January as president and COO.
Doug Alexander, Agribuys board member and managing director at Internet Capital Group, commented: “Vijay has demonstrated a commanding grasp of what it takes to service complex multinational clients.
“Vijay’s prior experience as both a CEO in the financial services industry and as a CIO in the grocery and CPG retail world, makes him an ideal choice to lead Agribuys forward.”
This management change is a result of the company transitioning from its entrepreneurial phase to one that requires seasoned leadership with experience in large-scale implementations and operations. Agribuys has recently announced several new clients and the organisation is transforming itself to ensure that these clients receive world-class service.
While serving as COO, Yajnik strengthened the organisation by hiring high-quality talent in key implementation, integration and operating roles. He is also credited with implementing a careful restructuring that heightened the organisation’s focus on key strategic priorities.
Yajnik joined Agribuys from the WorldWide Retail Exchange (WWRE). Prior to the WWRE, he was Group CIO at the Dairy Farm Group, a major Asian retailer headquartered in Hong Kong. Yajnik has also held a variety of executive management positions at K-Mart, California Federal Bank, Crocker National Bank and other financial institutions.
Yajnik expressed his commitment to making Agribuys the recognised global leader for perishables procurement technology: “Agribuys is entering an exciting period of growth. I am honoured to have been chosen to lead such a talented and motivated group of people. We are committed to driving efficiencies within the perishable food supply chain. I am confident that the Agribuys name will become recognised as an international symbol of value and quality in the world of collaborative technologies.”
Agribuys’ founding CEO, Marina Kotsianas will remain on the board as a director of the company. The company has no current plans to fill the COO position.
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