Retail major Shoppers Stop today said it has appointed Rajiv Suri as the Chief Executive Officer of the company with effect from January 9, 2018. The company also announced the resignation of its CFO Sanjay Chakravarti with effect from the close of business hours on December 22.
“The board of directors ...has approved the appointment of Rajiv Suri as CEO of the company with effect from January 9, 2018,” Shoppers Stop said in a regulatory filing. The board also approved resignation of Sanjay Chakravarti as CFO.
Prior to his new role, Suri was the CEO of Majid Al Futtaim (MAF) fashion business, which is prominent in middle east spread across 140 store. Shoppers Stop stock closed 5.92 per cent up at Rs 571.25 on BSE.