The Board has accepted his resignation and will initiate the process of identifying and onboarding a new Chief Executive Officer (CEO)
Sunil Kataria, the Managing Director (MD) of Raymond Lifestyle has decided to move on from the company in pursuit of his personal aspirations outside of the company. In a regulatory filing, the company informed that Kataria will be stepping down as MD and board member. The Board has accepted his resignation and will initiate the process of identifying and onboarding a new Chief Executive Officer (CEO).
“I am thankful to Singhania and the entire Raymond Lifestyle team for this unique opportunity to lead a brand with such a rich legacy. It has been an enriching journey and I am proud of the progress we have made together. I leave with great confidence in the company’s future and its ability to achieve new milestones,” stated Kataria.
In the interim, to ensure continuity and a seamless transition, the existing senior management team led by Executive Chairman, Gautam Hari Singhania will oversee the business operations. The company’s statement included Singhania’s acknowledgement of Kataria’s contributions.
“Sunil has been instrumental in strengthening Raymond Lifestyle’s market presence and leading the company through phase one of our transformation. We appreciate his leadership and contributions and wish him success in his future endeavours,” stated Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle.
Reaffirming confidence in the company’s future, Singhania added that Raymond Lifestyle stands on a strong foundation with an experienced leadership team in place. He stated that as it navigates evolving market opportunities, it is confident of attracting top talent to accelerate our growth trajectory.
