Raymond Lifestyle appoints Satyaki Ghosh as CEO

Raymond Lifestyle Ltd today announced appointment of Satyaki Ghosh as the Chief Executive Officer as part of its ongoing transformation efforts to strengthen the organisation for next phase of growth. Satyaki is an accomplished business leader with over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments. He joins Raymond Lifestyle Limited from the Aditya Birla Group, where he most recently served as Chief Executive Officer - Cellulosic Fashion Yarn, Grasim Industries, leading a large, manufacturing-intensive business with a strong focus on operational excellence, sustainability, and profitable growth.

Prior to this role, Satyaki served as Chief Executive Officer - Domestic Textiles at the Aditya Birla Group and also led the Thai Acrylic Fibre business, overseeing multi-country operations and complex global manufacturing footprints. Commenting on the new leadership appointment, Gautam Hari Singhania, Chairman, Raymond Group said; "Satyaki is joining Raymond Lifestyle at a crucial inflection point wherein the business is poised for growth and transformation with a plethora of opportunities across the sector. With domestic consumption in India rising rapidly and the evolving geopolitical developments opening up new horizons in international markets, our Lifestyle business is poised for growth in long term. Satyaki's on-boarding will unleash fresh energy and passion across the business and its stakeholders."

Earlier in his career, Satyaki has spent over seven years with L'Oréal India, where he held senior leadership roles including Director - Consumer Products Division, with responsibility for several leading global brands such as L'Oréal Paris, Garnier, and Maybelline. Speaking on the occasion, Satyaki Ghosh, CEO Raymond Lifestyle said; "I am delighted to be joining an iconic Indian brand with a rich legacy of over a century which has been integral to the Indian identity and promises new avenues for growth. With a focus on consumer centricity along with innovation and sharpening the offerings, we would contribute meaningfully to larger value creation".

Raymond Lifestyle recently on-boarded E.C. Prasad who will also assume the CFO position in the ensuing Board Meeting.

Shares of Raymond Lifestyle Limited was last trading in BSE at Rs. 936.00 as compared to the previous close of Rs. 944.95. The total number of shares traded during the day was 4446 in over 330 trades.

The stock hit an intraday high of Rs. 944.95 and intraday low of 932.00. The net turnover during the day was Rs. 4160792.00.

Source : Equity Bulls

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