Friday, March 29

Tag: MD

Oppo’s India MD Yi Wang Steps Down Amidst Huge Loses
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Oppo’s India MD Yi Wang Steps Down Amidst Huge Loses

Oppo’s managing director of India, Yi Wang has reportedly stepped down from his position and the basic reason behind this is the increasing losses faced by the Chinese smartphone company and on the other hand, growing competition in the local market. It has also been reported that there was a pressure from the Oppo management on the India team as it was not able to get desired results at a time when Xiaomi captured the pole position for almost a year in the country. "During a meeting between the board of directors of OPPO Mobiles India Private Limited on the 28th November, 2018, it has been mutually decided that Mr. Yi Wang, managing director of the company, will step down from his position effective 30th November, 2018. Wang played a crucial role in Oppo’s journey in the country, sinc...
Shoppers Stop Appoints Rajiv Suri as The New CEO and MD
News

Shoppers Stop Appoints Rajiv Suri as The New CEO and MD

The Indian retail giant Shoppers Stop on Friday has announced the appointment of Rajiv Suri as the new Chief Executive Officer and Managing Director of the company with immediate effect. Rajiv Suri, age 55, was appointed at this position in January. He has replaced  Govind Shrikhande who will step down by the end of this month. He has been working with the departmental store chain since 2001. Prior to joining Shoppers Stop, Suri was the CEO of the Majid AI Futtaim (MAF) Fashion business, which is spread across over 140 stores across Dubai, United Arab Emirates. In Dubai, he led strategic development, growth, transformation, innovation and digitalization and helped the company to grow massively. Shoppers Stop is an Indian chain of departmental store chain spread across the country and...