KKR-backed Vini Cosmetics names PepsiCo’s Vishal Kaul as CEO

Global investment firm KKR-backed Vini Cosmetics, maker of Fogg and GlamUp personal care products, on Wednesday named PepsiCo’s vice-president and beverages business head Vishal Kaul as its chief executive officer.

KKR had acquired a majority stake in Vini Cosmetics for US $625 million from its Asia Fund IV in July this year.

“KKR is closely working together with Vini’s management team to grow new product categories, expand its e-commerce platform, and further broaden its distribution network,” a company statement said.

Kaul will join Vini Cosmetics as chief executive officer effective February 2022. He will be responsible for day-to-day operations and executing the company’s long-term strategy, the statement added.

Vini chairman Darshan Patel said: “Appointing a consumer-centric chief executive who can lead Vini into its next phase of growth was one of our and KKR’s top priorities.”