Report has it that Reliance Retail has appointed Gwyn Sundagul from Tesco Thailand as its new CEO for the Reliance Value retail format. The 47 yr old Gwyn is currently the Marketing Director with Tesco, Thailand. Four other senior executives from Tesco, Thailand are also expected to quit Tesco and join Reliance Retail.
Reliance retail faces major problems today , very similar to the type that Tesco faced in Thailand when they started operations. It is expected that Gwyn Sundagul with his experience in setting Tesco in the the right direction will be able to do the same to Reliance.
Consequent to this appointment, major changes are expected in the existing management structure with Raghu Pillai expected to focus more business development and bringing in more global alliances.
Some facts about Reliance Retail
Presence : 14 states and 86 cities and 1000 stores
Turnover of Reliance Retail + Reliance Fresh (Last Fiscal) : 2400 crores
Loss ( Last Fiscal) : Rs 260 crores
Friday, December 4, 2009
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