Nykaa rejigs leadership; CEO Falguni Nayar to lead marketing function

As CMO Shalini Raghavan steps down, CEO Falguni Nayar is set to lead marketing at the beauty and fashion brand and has announced multiple senior leadership changes. 

Nykaa, beauty and fashion platform, has announced the changes in their leadership roles as they eye on strategic realignment, cost rationalization and the growing complexity of the business.

This move comes after former Chief Marketing Officer (CMO) Shalini Raghavan resigns after spearheading marketing for more than 2.5 years. Chief Executive Officer (CEO) Falguni Nayar is set to take the mantle now.

A statement shared with us reads, "As announced in April 2023, marketing leadership at Nykaa has been strengthened over the last year across performance marketing, customer lifecycle management and content charters. Given the criticality of the marketing function to One Nykaa, Founder and CEO, Falguni Nayar will guide the function directly."

The brand has also onboarded several new senior leaders across marketing, technology, finance and business to spearhead its next phase of growth.

The marketing appointments include Sudhansh Kumar, leading performance marketing, Priya Bellubbi, leading customer lifecycle management and Suchita Salwan, leading the content charter. They bring with them diverse knowledge and experiences of over 40 years between them across digitally led organizations, including Amazon, Myntra, Livspace, Hotstar and LBB.

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Falguni Nayar, Founder & CEO, Nykaa says, “We are excited to welcome each of these new leaders in key roles that drive the company's important businesses and functions. With a common entrepreneurial ethos and mindset, this leadership team is well poised for success as the Nykaa ecosystem expands in scope and scale."

As part of these developments, in June the company elevated Shailendra Singh as Business Head for Physical Retail- Beauty, while he continues to lead key omnichannel initiatives. They have also brought in a strategic leader in Rozita Nouruzi as the CEO of Nysaa, their omnichannel beauty business in partnership with the Apparel Group in the GCC.

They have also appointed Rajesh Uppalapati as the Chief Technology Officer and Abhishek Awasthi, Eswar Perla, Dhruv Mathur and Amit Kulshrestha have joined the existing technology leadership team. Vishal Gupta, a seasoned veteran, joins as the head of the Beauty Consumer business, Dr. Sudhakar Y Mhaskar leads innovation at Nykaa's Consumer Business and Shailendra Singh supports the beauty eCommerce.

Other hires include P. Ganesh as Nykaa’s Chief Financial Officer, Sujeet Jain as the company's Chief Legal & Regulatory Officer, and T.V. Venkataraman, responsible for the Internal Audit & Risk Management charter.