“We would like to tell you that Rishi Vasudev – CEO of Life style office stores and House Centre, has made a decision to move from the business due to private causes,” Kabir Lumba, chairman of the board of administrators of Life style, mentioned in an email to the company’s staff.
In a WhatsApp message Vasudev has confirmed that he has resigned from Life style and House Centre on Friday.
Lumba’s email to the company’s staff, that was reviewed by ET, even more mentioned that 11th January will be Vasudev’s final functioning day at Life style even though he would be on the company’s payroll until eventually conclusion of March.
Vasudev, a previous CEO of Calvin Klein in India, had joined Life style in June 2020 from Flipkart where he was heading the style vertical.
Vasudev’s departure will come hardly a thirty day period soon after the Dubai-dependent retail group mentioned it is elevating Lumba to the chairman of its board of administrators of Life style Intercontinental.