Five senior executives, including the CEO of Nykaa SuperStore, have resigned from Nykaa. The company has described these exits as “voluntary and involuntary.” While it is unclear why four of them have resigned, Lalit Pruthi has joined edtech firm UNIVO as its chief financial officer. Nykaa has stated that these exits are typical in a fast-paced, growth-focused, consumer tech organization with over 3,000 employees. The company sees some of these mid-level exits as a standard annual appraisal and transition process, where people exit due to performance or to pursue other opportunities. Nykaa values the contributions of all its current and former employees and stays connected through a strong employee alumni network. Among all the executives, Gopal Asthana has worked for the longest period of 3 years and 5 months at Nykaa. The executives who have quit Nykaa had a short stint at the company, ranging from 1 to 3.5 years.
Five Senior Executives of Nykaa Resign; Company Calls it ‘Voluntary and Involuntary Exits’
Nykaa, the online beauty and fashion retailer, has seen five of its senior executives, including the SuperStore CEO, the chief business officer, and the chief commercial officer, resign from the company. The names of the executives who have resigned are Vikas Gupta, Gopal Asthana, Manoj Gandhi, Shuchi Pandya, and Lalit Pruthi. While it is unclear why four of them have resigned, Lalit Pruthi has joined edtech firm UNIVO as its chief financial officer.
Nykaa has described these exits as “voluntary and involuntary,” stating that they are typical in a fast-paced, growth-focused, consumer tech organization with over 3,000 employees. The company sees some of these mid-level exits as a standard annual appraisal and transition process, where people exit due to performance or to pursue other opportunities.
Shuchi Pandya, who joined Nykaa Fashion in January 2021 following the acquisition of her online jewellery firm Pipa.Bella, had set a target to cross Rs 100 crore business at Pipa.Bella in two years at the time she joined Nykaa. Among all the executives, Gopal Asthana has worked for the longest period of 3 years and 5 months at Nykaa. The executives who have quit Nykaa had a short stint at the company, ranging from 1 to 3.5 years.
Nykaa values the contributions of all its current and former employees and stays connected through a strong employee alumni network. The company has acted as an incubator to bring together and support some of the most promising talents India has to offer over the years.
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