Press Release/Hypercity Announces New Senior Management Team As The Company Continues To Focus On Growth

Hypercity Announces New Senior Management Team As The Company Continues To Focus On Growth

February 15, 2016

Appoints Ramesh Menon as Chief Executive Officer

Yogesh Bisht as Vice President: Human Resources

Manoj Jain as Vice President: Marketing, Loyalty & Visual Merchandising

Hemant Taware continues to serve as Chief Operating Officer

Mumbai: HyperCITY Retail (India) Ltd. one of the largest hypermarket chains in the country, today announced a number of new executive and senior management appointments. The changes follow the expansion of the Executive Management team, in December 2015 and will ensure the company maintains its strong customer relationships and solid business foundation aimed at aligning the company’s strategic focus to sustain its momentum.

  • Ramesh Menon has been named as Chief Executive Officer w.e.f. 03rd February 2016. With over 25 years of cross cultural, general management, experience in multinationals across India, Middle East and Africa, Mr. Ramesh Menon brings extensive and diverse experience in the areas of FMCG, retail and manufacturing and telecom. Most recently, he was with Reliance Communications as National Head Wireless (GSM) operations.
  • Hemant Taware has been serving as Chief Operating Officer since 01st July 2015. With a career in retail and FMCG spanning well over 22 years, Mr. Taware brings with him 14 years’ experience in Modern Retail (Departmental stores, Food & Grocery Hypermarkets and Supermarkets) and Specialty retailing (CDIT & Mobiles). His proficiency lies in areas such as Managed Direct Sales, Channel Sales, Marketing, Store Operations, Buying & Merchandising, Store Development, Store Planning Projects & Program management. Most recently he was with CROMA as Chief of Operations, where he not only managed the execution & roll-out but also handled the multi-location network of stores.
  • Yogesh Bisht has been named as Vice President Human Resources w.e.f. 09th November 2015. Yogesh is a practicing HR Professional with over 21 years of experience in Hospitality, Retail and Real Estate Industry. In his previous assignments, he has been Group HR Head with AutoHangar India Pvt Ltd, Vice President- HR & Retail Operations with Staples Future Office Products Ltd., General Manager-HR with Raheja Universal, Sr. Manager HR with Reliance Retail and Sr. Manger- Training and Systems with Mars Restaurants Ltd.
  • Manoj Jain was named as Vice President of Marketing, Loyalty & Visual Merchandising w.e.f. 21st December 2015. Mr. Jain brings close to 15 years of experience with a range of Blue Chip companies. While his expertise primarily lies in Brand Management, Marketing, New product launches, Trade & Consumer Promotions and Media planning, he also brings on board his varied experience in Lifestyle, Value & E Commerce formats as well. Most recently, he was General Manager: Marketing & Customer Plan Strategy at Reliance Retail where he was instrumental in formulating marketing strategies at both a national & regional level.

Commenting on the announcements, Mr. Govind Shrikhande, Managing Director of Shoppers Stop Ltd. said, “It gives us great pleasure to appoint Ramesh Menon as the CEO of HyperCITY. Ramesh comes with a wealth of experience of over 25 years in the retail sector. He will be responsible for leading the company’s growth strategy, path to profitability, store operations, and more. As CEO of the company, we are confident that his rich experience and able leadership will help the company grow. Moreover, this change comes at an important time for HyperCITY as we continue on our path of profitable sustainable growth.”
He added, “In the meantime, Mr. Hemant Taware, will continue to steer the company as the Chief Operating Officer. His vast retail experience and deep understanding of the Indian retail consumer will enable HyperCITY to remain a leading hypermarket player in India. We look forward to his leadership.”

Mr. Shrikhande concluded by stating, “I am also delighted to welcome our new Marketing Head- Mr. Manoj Jain. Manoj has a deep understanding of the unique marketing nuances of each region and state in the country. His valuable expertise, experience and leadership will help propel us through a period of rapid growth for HyperCITY.”

Ramesh Menon, Chief Executive Officer, HyperCITY Retail (India) Ltd., “It is truly an exciting time to join HyperCITY and deliver a shared vision for growth with the company’s leaders. The markets in which we are present and also expanding into, across India are dynamic and I am thrilled to be part of a strong strategic leadership team supporting the future. We have many exciting things to look forward to as we continue to guide the next phase of business with a new range of initiatives and a great team of people.”

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