Brands
Real estate developer Puravakara appoints Deepak Rastogi as group CFO
MUMBAI: It’s strengthening its foundation. Real estate developer Puravankara has appointed Deepak Rastogi as the group chief financial officer (CFO), with effect from 15 January 2025
Rastogi brings over three decades of extensive experience in finance, strategy, and transformation
across diverse industries and international markets. He has held leadership positions, including
president & group CFO at Deepak Fertilisers & Petrochemicals and president & group CFO at
Tata Autocomp Systems. His expertise encompasses driving profit and loss, growth strategies,
mergers and acquisitions, digitisation, and enterprise risk management.
He has been exposed to working with markets like China, Asean , Australia, Korea, Japan, Middle East, Sweden and the US to lead and develop diverse teams and hands on experience in debt raising. managing investors relations, investors road shows, enterprise risk Management, SAP implementation and business integration.
Rastogi is a chartered accountant with an MBA from S P Jain Institute of Research & Management.
He has a distinguished history of leading financial strategies and implementing transformative initiatives
that drive efficiency and profitability. His insights and skills will help drive the company’s expansion and
growth plans.
Neeraj Gautam, who has been serving as the president – finance at Puravankara, has been
elevated to the post of deputy chief fnancial officer.
“We are excited to have Deepak on board to strengthen our operating efficiencies and financial
controls in line with our future plans,” said Puravankara managing director Ashish Puravankara. ”His vast experience and strategic acumen will be instrumental as we pursue expansion opportunities. We are confident his leadership will contribute significantly to our ongoing success.”
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.
