Marico said on Tuesday the group CFO Milind Sarwate has decided to move on to pursue opportunities outside the Marico Group. His last working day with the company is Mar. 31, 2014.

Harsh Mariwala, CMD, Marico said, ''I take this opportunity to acknowledge Milind's role in Marico's transformation from an Indian company, now poised to become an emerging markets MNC.''

Milind Sarwate said, ''I have had a long and fulfilling innings with Marico, during which I grew, both, as a professional and as an individual leader. After 16 long years, I sense the need to rejuvenate myself through new challenges in a new setting, to build further on my experience. I have, therefore, planned to take up a new role. I will announce details in the new Financial Year.''

Shares of the company gained Rs 0.95, or 0.46%, to trade at Rs 206.75. The total volume of shares traded was 1,830 at the BSE (9.49 a.m., Tuesday).