Raymond Limited, an Indian textile and apparel company, has announced that Joe Kuruvilla will be stepping down as company’s CEO – Lifestyle business, due to personal reasons. Ganeshkumar S who continues as COO for the company’s Lifestyle business will take over the responsibilities on an interim basis while the company searches for new CEO. “Kuruvilla joined the company in October 2020 from Unilever PLC in East Europe region and was associated with the company for a brief period of 8 months,” the company said in a press release. Raymond Lifestyle is the flagship division of the company which includes branded textile and apparel business including brands like Park Avenue, Colour Plus, Parx, Ethnix and Khadi and one of the largest distribution network in the country.
Wednesday, May 18, 2022