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Nykaa CEO Steps in as CMO Departs Amidst Multiple Executive Exits

  • Six top-level executives, including the marketing head, resigned from NYKAA, a cosmetics-to-fashion retailer, since April.
  • The wave of departures includes their Chief Marketing Officer, Shalini Raghavan. Falguni Nayar, the firm’s CEO will now oversee the marketing function.
  • Departures come amidst intense sector competition and shares of NYKAA parent, FSN E-Commerce Ventures Ltd., have fallen 60% since November 2021 listing.
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