Home Retail Dabur New U’s CEO quits. Joins Future Group?

    Dabur New U’s CEO quits. Joins Future Group?

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    , CEO, New U, retail venture of major , has quit the company, confirmed spokesperson. Baker had joined Dabur from group over a year ago where he served as group head.

    According to company sources, in the absence of a CEO, Health & Beauty (H&B) stores’ management committee will manage the day-to-day operations of Dabur’s retail venture. While the sources denied to comment on the appointment of a new CEO, the company spokesperson remained tightlipped too.

    Meanwhile Baker has been learnt to have taken up an assignment with Kishore Biyani promoted . “Baker would be joining the company’s health and wellness segment in a senior position and we would soon make an announcement in this regard,” according to sources in the .

    The latest development came as a surprise to industry observers as Dabur India, quite recently, announced an investment Rs 1.4 million by 2010 for the H&B Stores with an intention to set up 350 retail stores across the country in the next five years.

    —IndiaRetailing Bureau