Shoppers Stop in process of evaluating suitable candidate for MD & CEO

Retail firm Shoppers Stop on Wednesday said it is in the process of evaluating a suitable candidate for the position of Managing Director and Chief Executive Officer (MD & CEO). Last month, Shoppers Stop had said its MD & CEO Rajiv Suri had resigned citing personal reasons.

"The last working day of Rajiv Suri, MD & CEO was August 25, 2020 and post that he ceased to be in the said position. The nomination, remuneration and corporate governance committee is in the process of evaluating a suitable candidate for the position of MD & CEO and the developments shall be intimated, from time to time," the K Raheja Corp group firm said in a regulatory filing.

Shoppers Stop is a retailer of fashion and beauty brands. The company reported a revenue of Rs 3,380.98 crore for 2019-20.