Business Standard

Future Retail appoints Sadashiv Nayak as CEO effective August 25

Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday.

Sadashiv Nayak

Sadashiv Nayak | Photo: LinkedIn

Press Trust of India New Delhi
Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday.
The board of the company at its meeting held on Wednesday "considered and approved" the appointment of Nayak as CEO, the Future Group firm said in a regulatory filing.
Nayak has been associated with Future Group for over 17 years. In the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, it said.
"He had worked at various designations during his association within the Group," it said.
FRL operates retail stores as Big Bazaar, fbb, Foodhall, Easyday and Nilgiris.
Nayak, an alumnus of NIT Karnataka and XLRI, Jamshedpur, has over 27 years of experience.
Prior to Future Group, Nayak was associated with Hindustan Unilever Limited and Asian Paints Limited.
In August last year, the board of FRL had approved the amalgamation of FRL along with other group companies with Future Enterprises Limited to facilitate a Rs 24,713 crore deal to sell the retail and wholesale business to Reliance Retail.
The deal has been contested by global e-commerce major Amazon, an investor in Future Coupons that in turn is a shareholder of FRL.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2021 | 8:17 PM IST

Explore News