Published
Jun 11, 2018
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Shoppers Stop elevates Rajiv Suri from CEO to MD

Published
Jun 11, 2018

Shoppers Stop Limited has elevated its Chief Executive Officer (CEO) Rajiv Suri to the position of Managing Director (MD) of the company with immediate effect post the resignation of its outgoing MD Govind Shrikhande.
 

Shoppers Stop elevates Rajiv Suri from CEO to MD - Majid Al Futtaim-Twitter


Rajiv was appointed as the CEO of the company in January and will be responsible for the next phase of expansion of Shoppers Stop across India.
 
Commenting on the elevation of Suri, B S Nagesh, Chairman, Shoppers Stop Ltd, in a statement said, "We're pleased to have Rajiv Suri as the new MD & CEO of the company given his global experience in managing and developing global brands. He is gaining the confidence of India's dynamic retail sector and has restored some momentum to the business by delivering immediate benefits and focusing on longer term strategic plans for the company.

“The Board is confident that Rajiv's rich experience in the retail sector will help us to steer the business growth while enhancing experience for our customers and adding value to all our stakeholders. Additionally, with induction of our new board members along with strengthening of management team, the company is bullish of the growth momentum,” he added. "On behalf of the Board, I would like to thank Govind for his dedicated service and contribution to the company in a range of senior executive roles since April 2001, and wish him success for his future endeavors."
 
Shoppers Stop has also appointed Karunakaran Mohanasundaram, as the Chief Financial Officer.

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