Timex Group India Limited announced it has appointed Deepak Chhabra as Managing Director of the company, effective March 28, 2022. He succeeds Sharmila Sahai, who has resigned from the role of Managing Director of the company.
According to the company’s exchange filing, “Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors has appointed Mr. Deepak Chhabra (DIN: 01879706), as an Additional Director till the next general meeting of the Company and Managing Director of the Company for a period of 3 years, subject to approval of members of the Company, with effect from March 28, 2022.”
Deepak Chhabra possesses over two decades of diverse and insightful leadership experience in the field of Retail, Brand management, Strategic Business Planning, P&L Management, Sales and Merchandising, a statement said.
In his very recent role, Deepak Chhabra worked with Tupperware India as MD where he led the brand’s Business Transformation from being just a direct selling company to a harmonized multi-channel strategy and introduced Retail, etail and e-commerce to increase consumer access which helped in Brand achieving higher market share; also, the transformation from a Kitchenware to a complete Homeware Brand and from largely Plastics to Material agnostic Brand. He also worked with Crocs India as MD for 3 years before moving to Tupperware, where he was instrumental in ramping up business and vastly improving Brand’s reach and relevance, the statement said.
A Footwear Technologist and Marketeer by qualification, he started his career in 1996 with Phoenix International Limited and since then has held various leadership roles and led strategic initiatives for Marquee brands such as Reliance Retail, Skechers and Sprandi in addition to Tupperware and Crocs.
The Timex Group India was incorporated in 1988 as a joint venture between Timex Corporation USA and Titan Watches (a Tata company) to manufacture watches.
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