Shoppers Stop has announced the resignation of its MD and CEO Rajiv Suri effective 25 August, 2020.
“Shoppers Stop has reported that Rajiv Suri has tendered his resignation for personal reasons, effective 25 August (close of business hours), to pursue a career in a company outside India," the retailer said in a filing to the exchanges.
The department store chain has not named an immediate successor.
“The board requested the nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for this leadership position. In the interim, the company shall be managed by an experienced CXO committee to ensure the stability of operations and strategic initiatives," it added.
Suri had joined Shoppers Stop in January, 2018 as CEO and was elevated as MD and CEO in June, 2018.
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