<p>Retail firm Shoppers Stop on Friday said its Managing Director and Chief Executive Officer Rajiv Suri has resigned citing personal reasons.</p>.<p>The company's board in a meeting on Friday accepted Suri's resignation, said the K Raheja Corp group firm in a regulatory filing.</p>.<p>"Rajiv Suri, managing director and chief executive officer of the company, has tendered his resignation for personal reasons, effective August 25, 2020, to pursue a career in a company outside India," the company said.</p>.<p>The board has requested the company's nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for the leadership position, it added.</p>.<p>"In the interim period, the company shall be managed by an experienced CXO committee to ensure the stability of operations and strategic initiatives," it said.</p>.<p>Shoppers Stop is a retailer of fashion and beauty brands, and operates 90 department stores in 44 cities.</p>.<p>The company had reported a revenue of Rs 3,380.98 crore for 2019-20. </p>
<p>Retail firm Shoppers Stop on Friday said its Managing Director and Chief Executive Officer Rajiv Suri has resigned citing personal reasons.</p>.<p>The company's board in a meeting on Friday accepted Suri's resignation, said the K Raheja Corp group firm in a regulatory filing.</p>.<p>"Rajiv Suri, managing director and chief executive officer of the company, has tendered his resignation for personal reasons, effective August 25, 2020, to pursue a career in a company outside India," the company said.</p>.<p>The board has requested the company's nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for the leadership position, it added.</p>.<p>"In the interim period, the company shall be managed by an experienced CXO committee to ensure the stability of operations and strategic initiatives," it said.</p>.<p>Shoppers Stop is a retailer of fashion and beauty brands, and operates 90 department stores in 44 cities.</p>.<p>The company had reported a revenue of Rs 3,380.98 crore for 2019-20. </p>