Pioneer Distilleries Limited announced at board of directors meeting held on October 1, 2018, approved the resignation of Mr. B V Krishna Reddy, Managing Director and as Director with effect from October 3, 2018 (Will hold the position of Managing Director till the end of October 1, 2018); appointed of Mr. Ravi Varma as Managing Director with effect from October 3, 2018 and Ms. Srivathsala as an Independent Director with effect from October 2, 2018; approved the resignation of Ms. Junia Sebastian, Independent Director with effect from October 2, 2018 (Will hold the position of Independent Director till the end of October 1, 2018). Mr. Ravi Varma is a Manufacturing professional with an Experience of about 25 years in Alcoholic Beverage Industry. Joined Diageo India in January 2013, wherein he was responsible for handling manufacturing operations, he was instrumental in carrying out significant improvements in site operations, overall performance, implementing operational excellence and team capability at Nacharam.

He has worked with various companies in different Roles in Shaw Wallace and as Head of MGM group of companies based out of Chennai. He was also on the Board of Directors in Kakatiya Properties, Flax Hydro Energy (Lead Hydel Power-Project) and SML Beverages. He was also heading as a Chief Executive Franchise (M&S Bottling), Khoday's franchise partner for south.

He took care of overall supply and sales while heading business in South before joining Diageo India.