SV Ranganath has been appointed as the interim chairman of the Coffee Day Enterprises due to the death of founder and chairman VG Siddhartha. The next meeting of the Board of Directors is scheduled to be held on August 8.
The body of Cafe Coffee Day founder VG Siddhartha, who went missing, was found on Wednesday (July 31) in the Netravati river in Dakshina Kannada district of Karnataka after 36 hours of intense search, officials said.
Teams of National Disaster Response Force, Coast Guard, Home Guard, fire services, and coastal police had scoured the waters under a bridge across the swollen Nethravathi river, where the 60-year old was reportedly last seen, to trace the coffee tycoon. The body had washed ashore near Ullal and was fished out by local fishermen.
Mangalore MLA UT Khader said that friends and relatives have confirmed that the body is of Siddhartha.
Earlier, police said that the body, which appeared to be of Siddhartha, was yet to be identified by his family. “A body has been found, which appears to be of him. Final confirmation has to be done by the family,” deputy commissioner of Dakshina Kannada district Sasikanth Senthil said.
Mangalore Commissioner of Police Sandeep Patil said that the body has been kept at Wenlock Hospital for further formalities.