Gautam Singhania has stepped down from the position of the chairman of Raymond Apparel Ltd, the company informed the BSE on Wednesday, 14 November.
In a letter to the bourses, the company informed that it has appointed Nirvik Singh as the new chairman while Anshu Sarin and Gautam Trivedi have been appointed as as new board members.
Singhania, however, continues to be on the board of Raymond Apparel Limited, the company informed the exchanges.
Nirvik Singh is a 27-year marketing and communication industry veteran and is currently the Chairman & CEO, Asia Pacific, Middle East, and Africa of Grey Group Asia Pacific.
Commenting on the appointments, Singhania said, "I have always believed in setting the highest standard of governance and have always advocated to run the business professionally. I am delighted that Nirvik Singh has been appointed as the Non- Executive Chairman of Raymond Apparel Limited and I am sure that the company will benefit tremendously under his able leadership. I also welcome Anshu Sarin and Gautam Trivedi as new board members of Raymond Apparel Limited."
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