Monday, May 16, 2022
HomeRetailFuture Retail Chief Financial Officer CP Toshniwal quits

Future Retail Chief Financial Officer CP Toshniwal quits

Debt-laden Future Retail’s (FRL) Chief Financial Officer C. P. Toshniwal has resigned, effective May 12, joining the list of executives who have quit Kishore Biyani-controlled Future Group companies.

Accordingly, he has ceased to be CFO and a key managerial personnel of the company, FRL said in a regulatory update, but did not provide further details.

Earlier in March, FRL’s chief executive officer Sadashiv Nayak has resigned, seven months after he was appointed to the post. However, no reasons were attributed to his resignation. Nayak, who has been with Future Group for nearly 18 years, and was the CEO of the group’s grocery chain Big Bazaar for the past 8 years.

Nayak, who has been with Future Group for nearly 18 years, and was the CEO of the group’s grocery chain Big Bazaar for the past 8 years. He took over as CEO on August 25, 2021.

Prior to this, FRL’s director…

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