Pantaloon Retail goes for major organizational reshuffle
14 Mar '07
2 min read
Pantaloon Retail has made major changes in its organisational structure, by creating five verticals — retail, incubation and innovation, products, JV and partnerships and zonal strategy.
Pantaloon Retail Director Rakesh Biyani will be retail CEO. Under this vertical, its hypermarket chain Big Bazaar, mall business Central, food retail Food Bazaar and Pantaloon chain will operate.
Rajan Malhotra, category head, Big Bazaar, will take over as CEO. South zone head Vishnu Prasad will be CEO of Central. Sadashiv Nayak, head, western zone, will be CEO of Food Bazaar. Sanjeev Aggarwal, President, Marketing of Pantaloon Retail will be CEO of Pantaloon chain.
Second vertical of incubations and innovation will have Damodar Mall as CEO. Different business lines including fashion, food, general merchandise and home will operate, under third vertical.
Kailash Bhatia will now head fashion business of Pantaloon. Arvind Chaudhary will be CEO of Foods business.
General merchandise CEO will be appointed by the company once home business becomes a mature business, Pantaloon Retail head Sanjay Jog informed.
"We have businesses which are both matured and in incubation stages. Now we have reached a stage where we can leverage on products and businesses within the group. These factors necessitated change in the organisation," Jog said.
Zonal structures have also undergone major changes. All zones will be vertically aligned to vertical heads.
"A zonal head will be responsible for our entire operations including projects, properties, supply chain, HR, IT and others in the zone," Jog said.