MAM
SecureKloud Technologies appoints Venkateswaran Krishnamurthy as CRO
Mumbai: SecureKloud Technologies Ltd (NSE: SECURKLOUD; BSE:512161), a provider of innovative cloud solutions and AI, is pleased to announce the appointment of Venkateswaran Krishnamurthy (Venkat) as its new chief revenue officer (CRO).
Venkat is a seasoned business leader with over 26 years of diverse industry experience spanning technology, cybersecurity, staffing, and e-commerce. He brings a wealth of expertise in managing large businesses and teams across various geographies, making him a valuable addition to the SecureKloud leadership team.
Throughout his career, Venkat has held numerous leadership positions in renowned companies such as Dell, Lenovo, Ola, Teamlease and more. He has a proven track record of successfully building and scaling organizations, coupled with extensive experience in both Indian and international markets.
Prior to joining SecureKloud, Venkat served as the global senior vice president of enterprise business at Seqrite, where he played a pivotal role in driving growth and innovation strategies for the company. His deep understanding of enterprise solutions and customer-centric approach has enabled him to deliver exceptional results and build long-lasting relationships with clients.
In addition to his corporate endeavours, Venkat also serves as an advisor to several new-age startups, where he leverages his strategic vision to guide companies towards sustainable growth and success.
Beyond his professional achievements, Venkat is known for his passion for music and cricket, reflecting his well-rounded personality and interests.
“We are thrilled to welcome Venkat to the SecureKloud family as our new chief revenue officer,” said SecureKloud chairman & CEO Suresh Venkatachari. “His extensive experience, strategic insights, and proven leadership will be instrumental in driving our revenue growth and enhancing our market position. We look forward to leveraging Venkat’s expertise as we continue to innovate and expand our offerings to meet the evolving needs of our customers.”
Venkat’s appointment reaffirms SecureKloud’s commitment to attracting top talent and strengthening its leadership team to drive business growth and deliver exceptional value to customers.
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.
