Raymond Lifestyle Ltd. (“RLL”) has announced that it has expanded its board of directors with the appointment of Rajiv Sharma as a director. Non-executive Director Mr. Sharma has more than 30 years of global, multi-industry leadership experience and previously spent more than 14 years at Coats Group, a British multinational company that is the world’s largest manufacturer of yarns and structural components for apparel, footwear and performance materials, including seven years as Group CEO. Mr. Sharma joins RLL’s board of directors, which has recently seen a wide range of members join as it prepares to become the second listed company in the post-demerger Raymond Group.
Commenting on the new appointment, Gautam Hari Singhania, Chairman, Raymond Lifestyles, said: “We are pleased to welcome Rajiv Sharma to the RLL Board as we embark on an exciting journey as a pureplay branded textile and apparel company. His impressive track record in driving growth and implementing digital and sustainability initiatives brings a clear advantage to the Company. The diverse and deep expertise of our Board will complement the passion and commitment of the RLL management team to pursue significant opportunities in the country including in the wedding, apparel and sleepwear segments.”
The RLL Board is made up of the following members:
# Name Position Previous affiliations/areas of expertise
1
Mr. Gautam Hari Singhania
Chairman and Non-Executive Director
—
2
Sunil Kataria
Chief Executive Officer and Non-Executive Director
Former CEO – India and SAARC;
Godrej Consumer Products Limited
3
Mr. GC Chaturvedi*
Independent Director
Former Chairman, ICICI Bank
4
Mr. Veneto Nayar*
Independent Director
Former CEO of HCL Technologies
5
Mr. K. Narasimha Murthy
Independent Director
Directors: (i) National Stock Exchange (ii) Max Group
6
Anisha Motwani*
Independent women directors
Director: Abbott India Limited
7
Mr. Dinesh Lal*
Independent Director
Transport and Logistics Experts
8
Mr. Mahendra Doshi
Independent Director
Founder of LKP Group
9
Mr. Rabindra Dhaliwal
Independent Director
Former Group CEO of Bennett Coleman.
10
Mr. Rajiv Sharma*
Non-executive Director
Former CEO of Coats Group
*Additional Director
Mr. Sharma has diverse work experience across many geographies including the United States, Europe and Asia. He has served on the board of directors of a joint venture between GE Energy and Shell and held management positions at Saab Systems Inc. and Honeywell. Mr. Sharma holds a Bachelor’s degree in Mechanical Engineering from National Institute of Technology, Warangal and an MBA in Marketing and Strategy from the University of Pittsburgh, USA.
The appointment follows Raymond’s plans to list its demerged business, Raymond Lifestyle Limited, in early September, unlocking significant value for shareholders as it gives them the option to be part of a unique equity story comprising India’s largest wedding industry player, a major apparel industry player and a leading apparel exporter.
Raymond is India’s 10th strongest brand and the only Fabric & Apparel brand recognised by Brand Finance. Guided by the enduring legacy of “The Complete Man”, Raymond has always embodied trust, quality and excellence. RLL continues this tradition and continues to define men’s fashion with timeless elegance.