Trent Ltd appoints P Venkatesalu as its chief executive officer
Tata Group’s Trent Limited has appointed P Venkatesalu as the company’s chief executive officer and executive director for three years, effective 6 October, 2021. Venkatesalu was earlier the executive director of finance and chief financial officer at the company.
Venkatsalu will replace Stephen Rayfield, who has resigned citing personal reasons.
“The Board of Directors of the Company, on the recommendation of the nomination and remuneration committee, has approved the re-appointment of P Venkatesalu with the designation Executive Director and Chief Executive Officer for a term of three years with effect from 6th October 2021 on fresh terms of re-appointment and remuneration, subject to necessary approvals,” Trent Ltd said in a statement.
“He joined the company in 2008 and has been with the company for 13 years and heads the finance and accounts, legal, and secretarial functions. He is also responsible for the strategy and investment activities of the company,” Trent added.
Trent operates Westside, a chain of fashion retail stores as well Landmark and Zudio fashion stores. Through a joint venture with Spain’s Inditex, Trent also operates the fashion brand Zara in India.
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