Everstone Group appoints Ajay Kaul to drive QSR growth in F&B Asia
The industry veteran has joined Everstone Group as Senior Director.
The former CEO of Jubilant FoodWorks Ltd., which includes brands such as Domino’s Pizza India and Dunkin’ Donuts India, will also serve as Executive Chairman on the boards of F&B Asia’s investments in Indonesia: Domino’s and Burger King.
Kaul has taken Domino’s in India to become the largest market for Domino’s outside of the US. He has nearly 28 years of overall work experience, including at American Express and TNT India and Indonesia where he had sales and marketing, as well as business leadership roles.
At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia).
“We are thrilled to welcome Ajay to the Everstone Group and the F&B Asia family where his wide experience and success in the food sector will be greatly beneficial as we target higher and sustained growth in our QSR businesses in Indonesia—Burger King as well as the Domino’s brand,” said Philip Walters, executive chairman of F&B Asia.
“I really look forward to working with my colleagues at Everstone and F&B Asia at a time where favourable demographics, rising incomes and increasing interest in eating out in Indonesia make for an exciting journey of growth and innovation for top QSR brands,” Kaul said.
