Kabir Lumba, Designated CEO and Group Director of the Landmark Group, is interim CEO of the country’s largest department store chain, lifestyle and home furnishing chain, Home Center, the company said in a press release.
This move comes with Rishi Vasudev’s departure as CEO of the two retail chains, exactly one month after Part of the Dubai-based retail and hospitality conglomerate Landmark Group said it is promoting Lumba to chair its board of directors of Lifestyle International.
“We would like to inform you that Rishi Vasudev – CEO of lifestyle department stores and home centers – has decided to leave the company for personal reasons,” wrote Lumba in an email to the company’s employees.
Vasudev, a former CEO of Calvin Klein in India, joined Lifestyle from Flipkart in June 2020 where he led the fashion industry.
Just last month, December 2020, Lifestyle International Pvt. Ltd had announced the appointment of Kabir Lumba as Chairman of the Board of Directors effective April 1, 2021. Lumba, who is also serving as designated CEO of Landmark Retail, Middle East, will take over from Ramanathan Hariharan, who will retire on March 31, 2021.
Kabir Lumba has been with the group for over 16 years. He was the managing director of Lifestyle International Pvt. Ltd since 2009 and built it into one of the most respected retail companies in India. In May 2018 he took over the management of Max, Middle East, and then became Group Director of the Landmark Group with a broad portfolio of responsibilities. Lumba was appointed CEO designate, Landmark Retail, Middle East on December 1, 2020.