Fabindia Ltd, one of the leading retailers of artisan products and lifestyle products has appointed Rajeshwari Srinivasan as its CEO. Rajeshwari was previously working with Titan Company Ltd., (Tata Group) and she has over 30 years of experience in sectors such as FMCG, retail, luxury and hospitality.
In a statement, the company said that she succeeds Viney Singh, who has decided to retire from the post after serving for seven years as its MD and CEO. Viney will continue to be on the Fabindia board as a non-executive director.
Fabindia has a pan-India network of around 309 stores and experience centres, 74 Organic India stores and a network of retail touchpoints for Organic India.
William Bissell, MD, Fab India 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.”
It can be mentioned here that just two months back, citing volatile market conditions, Fabindia shelved its plans to launch an initial public offering of around Rs. 4,000 crore.
