Companies

Puma appoints new Managing Director for the Indian business

May 18, 2023 Germany

The German-based sportswear company appointed Karthik Balagopalan to the role of Managing Director of Puma India, one of its fastest-growing markets, effective on the 1st of August

Karthik, who has been with Puma since 2006, serves currently as Puma's Global Director of Retail and e-Commerce. Before, he held management positions in the areas of retail operations and business development at Puma India. His local knowledge, therefore, along with his experience in the direct-to-consumer business across all channels and his exposure to the global business, “make him the ideal candidate” for managing the Indian business, one of the company's fastest-growing markets.

He will succeed Abhishek Ganguly, who worked for Puma's Indian business for 17 years and served as its Managing Director since 2014. The company added that Abhishek is leaving to pursue a career as an entrepreneur on his own, but will remain with Puma until August to ensure a smooth transition.

“India is a vibrant market, where Puma has been the No. 1 brand for many years. With the appointment of Karthik, we will write the next chapter of this very successful story”, commented Puma's CEO Arne Freundt, to whom Karthik will report to. “I would like to thank Abhishek for his energy and commitment over the past 17 years and wish him all the best for his future as an entrepreneur”, he added.

Image Credits: about.puma.com

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