Relaxo Footwears Limited has informed the Exchange about change in Management
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Relaxo Footwears has changed its Chief Financial Officer as part of a planned succession. Mr. Sushil Batra, who served as Executive Director and CFO, has stepped down from the CFO role effective end of business on May 15, 2025, but will continue as Executive Director on the board. The Board has appreciated his contribution during the company's growth phase. Mr. Prince Jain has been appointed as the new CFO and Key Managerial Personnel from May 16, 2025. He brings over 16 years of finance leadership experience, most recently serving as Director – Finance and CFO at Kimberly-Clark India, and has previously worked at Hindustan Unilever and PepsiCo India. He is a Chartered Accountant with All India Rank 1 and a Company Secretary with All India Rank 6.
This is an orderly, planned CFO transition with the outgoing CFO staying on as Executive Director, which provides continuity. The incoming CFO has a strong consumer industry background from top multinationals, which may be viewed positively by the market.