MUMBAI: Textile, apparel, retail & real estate conglomerate, Raymond has announced the appointment of Atul Singh to lead the Group. As Raymond is gearing to mark its centenary year in 2025, the company is on a transformation journey by strengthening its leadership by bringing diverse experience on board, it said in a statement.
The nomination and remuneration committee of Raymond has recommended Singh’s appointment as executive vice-chairman to the Board of Raymond Ltd subject to and post securing necessary regulatory clearances.
Singh comes with diversified experience of over 35 years of leading multi-billion dollar businesses across several geographies globally. Singh worked at Coca-Cola for about two decades in several senior leadership positions and concluded his journey there as chairman of Asia Pacific and spearheaded businesses across 25 countries.
Before joining Coca-Cola, Singh worked at Colgate-Palmolive for 10 years where he held several leadership positions globally. His last stint at Colgate-Palmolive was country manager, Nigeria.
Commenting on the appointment, Raymond chairman & managing director Gautam Hari Singhania said, “I have always believed in the philosophy of demarcating ownership and management that brings in global expertise & good governance. Raymond is at an inflection point and has embarked upon the journey to be a future-ready organisation to achieve profitable growth and value unlocking. As we are headed to complete 100 years of our existence, strong leadership for the organisation will propel us to scale up our businesses both in domestic and global markets. With his impeccable track record, I am confident that Atul will lend his expertise for Raymond to sustain and grow in each of the businesses we operate.”
In his new role, Singh said “Raymond is one of the most reputed home-grown brands from India and has enormous growth potential. It is very exciting to be part of the transformation journey and lead the organisation to its centenary year. I look forward to contribute and chart out a growth path for the organisation and shareholder value creation.”
