Reliance Retail has hired 47 year old Gwyn Sundhagul, chief marketing officer and director at Tesco Lotus, Thailand, as chief executive of its value retail format. Four of Sundhagul’s colleagues are set to follow him.
Of the four, Sansahee Kubena, former head of human resources at Tesco Lotus, is the first to come on board. The others are expected to join shortly. Tesco in Thailand is said to have faced a similar situation when they entered the market, with thousands of competing kirana stores that offered personalised service. Sundhagul’s appointment will be accompanied by a change in the management structure. Raghu Pillai, who was heading the store roll out will now focus on business development and new alliances such as Marks & Spencer. Sundhagul will also join Reliance Retail’s board of directors.
Other directors on the board include RIL Chairman Mukesh Ambani and Dipak Jain, former dean of Kellog school of Management. Value formats contribute 70 per cent to the total sales of Reliance Retail. The CEO of the value formats, K Radhakrishnan, had recently put in his papers to start his own consulting practice.
Source:http://www.imagesfood.com/news.aspx?Id=1269&topic=2Labels: Reliance, Reliance Group, Reliance Industries, Reliance Retail, RIL