ICB » Fashion » Shoppers Stop’s MD and CEO Rajiv Suri to step down soon

Shoppers Stop’s MD and CEO Rajiv Suri to step down soon

Shoppers Stop which is the country’s leading retail chain spread across 90 department stores in 44 cities, houses a number of national and international brands like M.A.C, Estée Lauder, Bobbi Brown, Clinique, Smash box, among others. 

Rajiv Suri who joined the company in January 2018 as the CEO was soon promoted to the position of MD and CEO in June 2018. However, he has issued his resignation letter to the company citing personal reasons. The resignation letter will be effective from 25th August 2020 as the company has accepted it. 

“The board requested the Nomination Remuneration and Corporate Governance Committee to identify and recommend a suitable candidate for this leadership position. In the interim period, the company shall be managed by an experienced CXO Committee to ensure the stability of operations and strategic initiatives,” the company commented in a press release.

The foremost reason for his resignation is his interest to pursue his career outside India.

Shoppers Stop is the country’s leading retail chain spread across 90 department stores in 44 cities, houses a number of national and international brands like M.A.C, Estée Lauder, Bobbi Brown, Clinique, Smash box, among others.

simrangoel

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top