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India's Future Retail appoints Sadashiv Nayak as new CEO
26 Aug 21 1 min read
The board of directors of India’s leading retailer Future Retail has appointed Sadashiv Nayak as the new chief executive officer (CEO) of the company with effect from August 25, 2021. The decision was taken at a meeting held on Thursday. Nayak shall also act as the key managerial personnel (KMP) for the purpose of compliance under applicable provisions of the Companies Act, 2013.
Nayak has been associated with Future Group for over 17 years and served as the CEO of Big Bazaar for the last 8 years. He has held various designations during his association with the Group.
Nayak holds an engineering degree in electronics and communications from National Institute of Technology, Karnataka and a post graduate diploma in business management from XLRI, Jamshedpur.
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Prior to Future group, he was associated with Hindustan Unilever Limited and Asian Paints Limited. He has over 27 years of experience in the retail Industry.
Fibre2Fashion News Desk (KD)
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