Nykaa CEO Falguni Nayar Steps In as Marketing Head
Following the resignation of Chief Marketing Officer Shalini Raghavan, Nykaa’s Founder, and CEO Falguni Nayar has stepped in to “guide” and oversee the marketing function. “Given the criticality of the marketing function to One Nykaa, Founder and CEO, Falguni Nayar will guide the function directly, the company said in a statement. Raghavan is one of the many key executives who left their positions in the past six months.
As a part of these developments, in June the company elevated Shailendra Singh to Business Head for Physical Retail- Beauty, while he continues to lead key omnichannel initiatives. Shailendra Singh has over 16 years of rich experience with Hindustan Unilever. He has been an integral part of Nykaa, leading its Beauty E-comm Brand Management for the past 18 months.
As Nykaa evolves into a multi-dimensional, multi-geographic business, leadership roles are being augmented with an eye on strategic realignment, cost rationalization, and the growing complexity of the business. “We’re excited to bring a strategic leader in Rozita Nouruzi as the CEO of Nysaa, our omnichannel beauty business in partnership with the Apparel Group in the GCC” Nykaa Said in a Statement.