Rishi Vasudev quits as CEO of Lifestyle International
Rishi Vasudev has quit as the chief executive officer of Lifestyle International and Home Centre, after a short stint of six months with the company, citing personal reasons.
The Dubai-based Lifestyle International had appointed Rishi Vasudev as the CEO from June 1, 2020, to lead the company’s ambitious growth plans in the coming years.
“Rishi Vasudev, CEO of Lifestyle and Home Centre has decided to move on from Lifestyle International Private Limited due to personal reasons. The company will announce his successor in due course. In the interim, Kabir Lumba, CEO – designate and group director of the Landmark Group will be managing the responsibilities, in addition to his current role within the Landmark Group,” the company said in a statement.
Vasudev has more than 21 years of experience in fashion and retail – both online & offline. Vasudev was promoted to senior vice president at Flipkart last year. Before joining the Flipkart group, Vasudev was the CEO of Calvin Klein in India.
Vasudev’s sudden exit -- after just six months at the company -- is expected to create a leadership vacuum, especially amid all the Covid-19 disruptions.
Lifestyle currently operates more than 80 stores in India and sees huge potential in the country for growth.
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