Brands
Cars24 CEO Himanshu Ratnoo to step down, Vikram Chopra takes the reins: Reports
Co-founder Vikram Chopra will lead India’s used car business after Ratnoo exit
MUMBAI: According to media reports, Himanshu Ratnoo is stepping down as CEO of Cars24, handing the reins to co-founder Vikram Chopra, who will now lead the India used cars business.
Ratnoo, an IIM Calcutta alumnus, joined Cars24 in 2020 as vice president before becoming CEO in July 2024. Over the past year, he has driven strategic growth and innovation in the country’s bustling used car market.
Before Cars24, Ratnoo built an impressive track record across India and Southeast Asia. He led logistics operations at foodpanda and Jabong, scaled last-mile delivery for Rocket Internet across multiple countries, and served in senior strategy roles at BlackBuck. He also co-founded Uncover Wellness and Meddo Health, showcasing his entrepreneurial flair.
A graduate of BITS Pilani with a BE in Computer Science, Ratnoo began his career at the Aditya Birla Group and had a stint at Barclays in London, adding global experience to his extensive leadership résumé.
Vikram Chopra, who co-founded Cars24 and knows the business inside out, now faces the challenge of keeping momentum in one of India’s most competitive digital marketplaces. The move signals a new chapter for Cars24 as it accelerates its growth in the booming used car segment.
Brands
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
