Indian branded fabric and fashion retailer, Raymond group has announced to onboard top executive Atul Singh as new company executive vice chairman. According to the company, Singh a former head of Coca-Cola India will bring a diversified vision.
Singh has over 35 years experience in leading multi-billion dollar businesses across several geographies globally. His biggest stint was with Coca-Cola for about two decades at several senior leadership positions, including as Coke India President and as Asia Pacific division Chairman.
The latest appointment also signals a significant step towards creating a future ready organisation that has since inception been closely run by the founders — the Singhania family.
“As Raymond is gearing to mark its centenary year in 2025, it is on a transformation journey by strengthening its leadership by bringing in diverse experience on board,” the company said.
Earlier the nomination and remuneration committee of Raymond recommended Singh’s appointment as the Executive Vice Chairman to the board. Prior to joining Coca-Cola, Singh was with Colgate-Palmolive for 10 years where he held several leadership positions globally. His last stint at Colgate was as Country Manager of Nigeria.
Commenting on the appointment, Raymond chairman and managing director Gautam Singhania said Raymond is at an inflection point and has embarked on the journey to be a future ready organisation to achieve profitable growth and value unlocking.
“As we are headed to complete 100 years, a strong leadership for the organisation will propel us to scale up our businesses both in domestic and global markets,” Singhania said.
Raymond is the country’s top integrated worsted suiting manufacturer that offers end-to-end solutions for fabrics and garmenting. Some of its leading brands include Raymond Ready to Wear, Park Avenue, ColorPlus, Parx, Raymond Made to Measure and Ethnix by Raymond.