Metro Brands Ltd gears up for Future Growth

In order to boost its customer service and agility, footwear firm Metro Brands Ltd, which is on an expansion mode, is restructuring its C-Suite by flattening the hierarchy and focusing on its core business strengths.

Metro Brands Ltd has recently appointed Nissan Joseph to be the CEO of the organization effective July 2021. Under the new structure, all the core business heads and the Business Development team will report directly to the CEO Nissan Joseph going forward. Alisha Malik, who is currently President of E-commerce & Marketing will now focus on the fast-growing e-commerce business. The company also announced that Sohel Kamdar, its Chief Operating Officer who has been with the organization for over 15 years will be relinquishing his role in the organisation. . Metro Brands Ltd. has also been strengthening its structure with new C Suite positions getting filled in the last two years including CTO, Mr Rajgopal Nayak (formerly with Marico), CHRO - Ms. Nandini Mehta, (Formerly with Landmark Group), VP-Ecommerce, Mr. Khantil Mazmudar, (formerly with the Tata Group), and Supply Chain head - Mr. Amol Prasadi, (formerly with Kaya Ltd.).

"Metro Brands Ltd. has always moved with the times, prioritising our customers' changing preferences at each step. This restructure will enable us to serve our customers better, as we gear up the organization for future growth. The new team structure will help us stay focused on our core business units, marketing and e-commerce divisions. We would like to thank Sohel for his many years of service to Metro Brands and wish him well in his future endeavours," said Nissan Joseph CEO Metro Brands Ltd.

Shares of Metro Brands Limited was last trading in BSE at Rs. 594.75 as compared to the previous close of Rs. 567.05. The total number of shares traded during the day was 7657 in over 671 trades.

The stock hit an intraday high of Rs. 605.00 and intraday low of 560.30. The net turnover during the day was Rs. 4489870.00.

Source : Equity Bulls

Keywords

MetroBrands INE317I01021 Footwear Restructuring Hierarchy