Having served as the company’s CFO between 2001 and 2010, Nair will leverage his extensive knowledge of the industry, said Sabinsa.
“We are pleased that Jay has returned to Sabinsa as the Chief Executive Officer, to plan and execute a disciplined and ambitious growth pattern,” said Sabinsa founder Dr. Muhammed Majeed. “We have expanded both globally and in intellectual property, and will benefit from Jay’s experience and leadership as we move forward.”
Shaheen Majeed, Marketing Director, Sabinsa Corp., told NutraIngredients-USA: "The ambitious growth plan will be a cumulative effort of new ingredients and options in delivery systems.
"This year alone, Sabinsa has been steadily introducing existing ingredients in a new water soluble format. We see this as a key technical strength of Sabinsa's R&D and one that the formulation side of the industry will appreciate as it allows for more diversification of product types. Beyond that, our expansion into South East Asia continues and our foray into South Korea is going strong.
"On the horizon are a slew of new patents, which we're excited to see the market embrace into their final products."
'Pursuing the mission'
Jay Nair said that he was “looking forward to working with the team” to expand the company’s reach.
“Sabinsa’s portfolio of products can have a significant impact on the health of consumers worldwide, which was Dr. Majeed’s original mission, and I am pleased to be back at Sabinsa to help pursue that mission,” added Nair.
Nair spent 23 years with the State Bank of India, took up challenging roles in setting up the Centurion Bank, followed by a stint with IndusInd Bank. After his nine years as Sabinsa’s CFO, Jay was recruited to set up a US company for India’s Muthoot Group.