Shoppers Stop CEO Rajiv Suri resigns citing personal reasons
By Retail4Growth Team | July 13, 2020
Suri was appointed as the CEO of the company in January 2018 and was elevated as its MD in June this year
Retail firm Shoppers Stop’s Managing Director and Chief Executive Officer Rajiv Suri has resigned citing personal reasons. Suri was appointed as the CEO of the company in January 2018 and was elevated as its MD in June this year
According to the company, “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 board has requested the company’s nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for the 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,” according to a PTI report.
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.
