MAM
Shoppers Stop checks out a new CFO as Pankaj Chaturvedi steps in
Retailer names Saregama finance chief to take charge from April 2026.
MUMBAI: In a classic case of numbers meeting new narratives, Shoppers Stop has pressed refresh on its finance leadership, appointing Pankaj Chaturvedi as chief financial officer with effect from April 1, 2026.
Chaturvedi will take over from Karunakaran Mohanasundaram, who has held the CFO role since 2018 and is stepping down to explore opportunities outside the company, the retailer said in a statement.
Currently the CFO at Saregama India Ltd, Chaturvedi brings with him a blend of consumer, media and telecom experience. Over the years, he has held senior finance roles at Vodafone and Reliance Jio, giving him a ringside view of large-scale operations, digital transitions and fast-evolving consumer businesses.
At Shoppers Stop, the appointment comes at a time when organised retail is navigating cautious spending, rising costs and sharper competition, making financial stewardship a central part of the growth story. Chaturvedi is expected to oversee the company’s finance strategy as it balances expansion ambitions with tighter margins and changing shopper behaviour.
Mohanasundaram’s departure marks the end of a steady seven-year tenure during which he guided the department store chain through pre-pandemic growth, Covid-led disruption and the gradual recovery that followed.
With a new CFO lined up well ahead of the handover, Shoppers Stop appears keen to ensure continuity at the till, even as it prepares for the next phase of its retail journey.
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
