SUDEEP NAIR

SUDEEP NAIR

Having spent half his life in Russia, newly promoted CEO of Food Empire Holdings Nair has been instrumental in helping the SGX-listed F&B company enter and build up a presence in the lucrative east European market. Russia remained the group's largest market in the third quarter of 2012, with sales up 3.5% to US$33.9 million. Group revenue rose 5.5% to US$58.5 million in the period, with net profits jumping 91% to US$4.2 million on higher selling prices and foreign exchange gains. A large proportion of Nair's financial worth is tied to the company, which he served as executive director from 2005 to his October 2012 promotion. He reportedly owns 31.1 million shares and has a deemed interest in 4.68 million shares, collectively worth about $16.3 million. Nair's current focus is on establishing a base in the region over the next three to five years in preparation for the company's next phase of growth.