Future Consumer Limited today announced the appointment of Samson Samuel as Chief Executive Officer (CEO) of the operating firm.
The firm said Samuel had been appointed CEO following the resignation of managing director Ashani Beani for personal reasons. It added that Beanie will continue to serve on the future customer board as a non-executive director.
“The Board is very grateful for the outstanding contribution that Ashani Biyani has made to the company and is grateful to be part of the company’s management,” the firm said in an official statement.
Who is Samson Samuel?
Samson Samuel, an engineer with nearly 24 years of experience in the manufacturing, consulting, IT and supply chain industries. He has worked in various capacities in India and the United States with companies such as Bestby, Staples, Loyes, Future Group, Maftalal Consultancy, Wipro and Cognizant.
Samuel recently joined Future Consumer Limited to oversee the overall business of its affiliate, which operates under the ‘Nilgiris’ format. The firm says Samuel has successfully turned ‘Nilgiris’ into a combination of product launches and strategic restructuring over the past 12 months.
Commenting on the appointment, FCL Chairman GN Vajpayee said, “Samson Samuel has shown creativity and resilience in the transformation of Nilgiris, and we are confident that he will tackle the challenges posed by the epidemic and actively rebuild the group’s assets to satisfy its new commercial realities.”
“He will report to the board representing all of the company’s stakeholders and will be able to rely on the support of me and Kishore Biyani as chairman and vice chairman of the board, respectively.” Bajpayee added.
Regarding his appointment, Samson Samuel commented: “I am honored to be the CEO of Future Consumers. I am well aware of the challenges we face in recovering the company’s profitable growth and reducing its debt burden. Some sell non-strategic assets.” I will work closely with the board to fulfill my mission. “
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