Fabindia has appointed Rajeshwari Srinivasan as its Chief Executive Officer. Srinivasan was previously working with Tata Group and she succeeds Viney Singh.
According to a Fabindia statement, Singh has decided to retire from the post after serving for seven years as its managing director and CEO. However, he will continue to be on the Fabindia board as a non-executive director.
Srinivasan has over 30 years of experience in sectors such as FMCG, retail, luxury, and hospitality and has held executive roles at various Tata Group companies, including as a Tata Administrative Services Officer across Rallis India, Tata Consumer, Indian Hotels, and more recently Titan Company Ltd.
Fabindia Managing Director William Bissell said, "We are confident that under her leadership, Fabindia's business will continue to focus on sustainable growth and generate a positive impact for our stakeholders and shareholders."
In February this year, Fabindia shelved its plans to launch an initial public offering of around Rs 4,000 crore, citing volatile market conditions.
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