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Raymond Lifestyle has announced that its board has accepted the resignation of Managing Director and board member Sunil Kataria. Kataria is stepping down to pursue personal aspirations outside the company. This leadership change comes as Raymond Lifestyle continues to strengthen its retail operations in India.
To maintain operational continuity, the company’s senior management team, led by Executive Chairman Gautam Hari Singhania, will oversee day-to-day business activities during the transition period. The board will also begin the process of identifying and appointing a new Chief Executive Officer.“Sunil (Kataria) has been instrumental in strengthening Raymond Lifestyle’s market presence and leading the company through phase one of our transformation,” Singhania said in a statement. He emphasized that the company remains on a solid foundation with an experienced leadership team in place.
Singhania further noted, “As we navigate evolving market opportunities, we are confident of attracting top talent to accelerate our growth trajectory.”Kataria stated, “I am thankful to Singhania and the entire Raymond Lifestyle team for this unique opportunity to lead a brand with such a rich legacy. It has been an enriching journey, and I am proud of the progress we have made together. I leave with great confidence in the company’s future and its ability to achieve new milestones.”
As Raymond Lifestyle moves forward, the focus will be on ensuring a smooth leadership transition while continuing to build on its retail growth strategy in India.
