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Top executive reshuffle at Future Group

By FashionUnited

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Damodar Mall, President (foods strategy), who has

been with the Future Group for a long time has joined competing company Reliance Retail to handle customer strategy and special projects. Mall will report to Mukesh Ambani’s key aide Manoj Modi. Other than Mall, half of Future Group’s key executives have moved out and some among them have joined Reliance Retail. The move by Future Group employees comes at a time when it is realigning itself to sharpen focus on performance and execution. Last month, Sumit Dabriwala, Managing Director of Future Group’s realty firm, Agre Developers had put in his papers. Both Mall and Dabriwala were in the eight-member executive committee board of Future Group.

Upamanyu Bhattachary, CEO of Future Group’s supermarket format KB’s Fairprice, is also said to have quit and has been replaced by Arun Agarwal, who was next in charge of operations. Vibha Rishi, who was the group strategy and consumer director, too, quit Future Group to join insurance group Max India in April last year. Around the same time, Human Resources head Sanjay Jog left to join Reliance Retail after a stint of nearly seven years with Biyani. B Anand, finance director, had quit in June 2012 to join Dutch commodity trading and logistics company, Trafigura.

In April 2012, Rakesh Biyani was promoted from director to joint managing director to take charge of the P&L account, supply-chain and distribution, and improve store profitability. Kishore Biyani is personally looking into front-end operations of Big Bazaar. Sadashiv Nayak was made the chief executive of Big Bazaar supermarkets while ex-Coca-Cola director Devendra Chawla went on to head the overall food business, including buying and planning operations, at Big Bazaar. Sanjeev Agrawal, who was the joint CEO at Future Value Retail moved to head its joint venture firm, Skechers South Asia.
Future Group