Pantaloon Retail has made major changes in its organisational structure, giving more impetus on the verticals and zones. It has created five verticals — retail, incubation and innovation, products, JV and partnerships and zonal strategy.
Pantaloon Retail Director Rakesh Biyani will be retail CEO. Under this vertical, its hypermarket chain Big Bazaar, mall business Central, food retail Food Bazaar and Pantaloon chain will operate.
Rajan Malhotra, who was category head, Big Bazaar, will take over as CEO. South zone head Vishnu Prasad will be the CEO of Central. Sadashiv Nayak, head, western zone, will be the CEO of Food Bazaar. Sanjeev Aggarwal, who was president, marketing of Pantaloon Retail will be the CEO of Pantaloon chain.
In the second vertical of incubations and innovation, Damodar Mall will be the CEO. Mall was heading the foods business of Pantaloon Retail. In the third vertical, different lines of businesses including fashion, food, general merchandise and home will operate.
Kailash Bhatia will now head the fashion business of Pantaloon. Earlier, Bhatia was the CEO of ColourPlus apparel chain. Arvind Chaudhary will be the CEO of Foods business. Earlier, he was the category head, foods.
In the general merchandise, the CEO is yet to be appointed and the company will appoint the CEO once the home business becomes a mature business, Pantaloon Retail head Sanjay Jog said.
“We have businesses which are both matured and in the incubation stages. Now we have reached a stage where we can leverage on the products and businesses within the group. These factors necessitated the change in the organisation,” Jog said.
It has also effected major changes in the zonal structures. All the zones will be vertically aligned to vertical heads. “A zonal head will be responsible for our entire operations including projects, properties, supply chain, HR, IT and others in the zone,” he said.
Source : Business Standard
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