New Delhi: Italian retail group Benetton India has announced that its chief executive officer and managing director Sundeep Chugh has decided to leave the company.
Ramprasad Sridharan will now take over as the CEO and MD on 7 June. An experienced professional in the fashion retail sector, Sridharan has worked for Reebok India Co., Lerros Fashions India Ltd., Clarks Future Footwear Ltd.India, C&J Clarks International UK and C&J Clarks International Singapore, where he held the position of president South East Asia, Australia & New Zealand, the company said in a press statement.
The company thanked Chugh for contributing to its growth for over a decade. “Benetton Group would like to thank Sundeep Chugh, who has decided to leave the position of CEO and managing director of Benetton India, for the results achieved during his 10 years with the Group. Sundeep has successfully led the company during his tenure, a period during which the brand has evolved and maintained its market leadership position through a multi-channel approach, an effective product offering and a high-impact communication strategy," it added
Chugh also shared the announcement in a social media post. “My 10-year journey with Benetton draws to a close today! It’s been a memorable experience where colleagues became friends & employees became like a family! I have a full heart, a calm mind & a content soul today! I have given my best to the brand & it’s only upwards from here,” he tweeted.