Sportswear brand Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of its fastest growing markets1. Balagopalan, who has been with the company since 2006, will take over from Abhishek Ganguly, who has decided to pursue his entrepreneurial dreams after 17 years of service.
Balagopalan has a rich experience in retail and e-commerce, having led Puma’s global DTC business as the global director retail and e-commerce. He was also instrumental in driving Puma India’s retail operations and business development in his previous roles. He will be based in Bangalore and will report directly to Puma chief executive Arne Freundt2.
Balagopalan said he was excited to take on the new challenge and lead Puma India’s growth story. “India is a vibrant market, where Puma has been the no. 1 brand for many. I look forward to working with our amazing team and partners to continue delivering innovative products and experiences to our consumers,” he said.
Freundt praised Ganguly for his energy and commitment over the past 17 years and wished him all the best for his future as an entrepreneur. He also expressed confidence in Balagopalan’s leadership and vision for Puma India. “Karthik has been a key member of our global DTC team and has a deep understanding of the Indian market. I am sure he will take Puma India to new heights of success,” he said.
Balagopalan will assume his new position on 1 August, while Ganguly will remain with the business until the end of August to ensure a smooth transition2. Puma India is known for its innovative products and collaborations with celebrities and athletes such as Virat Kohli, Kareena Kapoor Khan, Sara Ali Khan, Sunil Chhetri, Mary Kom and Dutee Chand3.
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