Google News
spot_img
spot_img

Shoppers Stop CEO Rajiv Suri resigns

Must Read

Retail firm Shoppers Stop on Friday said its Managing Director and Chief Executive Officer Rajiv Suri has resigned citing personal reasons.
According to a PTI report: The company”s board in a meeting on Friday accepted Suri”s resignation, said the K Raheja Corp group firm in a regulatory filing.
“Rajiv Suri, Managing Director and Chief Executive Officer of the company, has tendered his resignation for personal reasons, effective August 25, 2020, to pursue a career in a company outside India,” the company said.
The board has requested the company’s nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for the leadership position, it added.
“In the interim period, the company shall be managed by an experienced CXO committee to ensure the stability of operations and strategic initiatives,” it said.
Shoppers Stop is a retailer of fashion and beauty brands, and operates 90 department stores in 44 cities.
The company had reported a revenue of Rs 3,380.98 crore for 2019-20.

Latest News

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.