MAM
Array Networks announces the new country manager for India
Mumbai: Array Networks, a globally renowned leader in application delivery and security products, announced the appointment of Hrishikesh Jadhav as the new country manager for India.
Hrishikesh Jadhav has been a cornerstone of Array India’s success, with an impressive 14-year tenure marked by unwavering dedication, outstanding performance, and steadfast commitment. Throughout his journey within Array, he has excelled in pivotal roles, including regional sales director – in West & South India, and regional sales manager, leaving an indelible mark on our organization’s growth trajectory.
In his new role, Hrishikesh will spearhead Array India’s initiatives aimed at implementing new sales strategies and techniques, enhancing customer engagement, faster acquisitions and expanding market presence across the country. Hrishikesh will report directly to Shibu Paul, vice president of International Sales at Array.
Shibu Paul, VP – International Sales, expressed his confidence in Hrishikesh’s capabilities, stating, “Hrishikesh’s appointment as a country manager marks an exciting new chapter for Array Networks India. His proven strategic foresight and exemplary leadership skills are poised to fortify our position in the Indian market and drive sustained revenue growth. We have confidence in Hrishikesh’s dedication, expertise in the domain and exceptional performance, and we anticipate that his leadership will not only propel him to new heights but also make substantial contributions to our team and the overall success of the company.”
Speaking on his promotion Hrishikesh Jadhav commented, “I am deeply honoured and excited to step into the role of Country Manager for Array Networks India. This promotion represents not only a personal milestone but also a significant opportunity to lead Array’s endeavours in fostering customer engagement and expanding our footprint in the Indian market.”
He further added, “Cybersecurity landscape in India offers a wealth of opportunities. I am committed to leveraging advanced application security solutions to address the evolving cybersecurity landscape and to deliver exceptional value to our customers and partners. I look forward to working closely with the talented team at Array Networks as we embark on this exciting journey together.”
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
