Puma appoints new managing director of Indian business
Sportswear brand Puma has appointed Karthik Balagopalan as the new managing director of Puma India.
The country is one of Puma’s fastest growing markets.
Previously Puma’s global director retail and ecommerce, Balagopalan has worked with the business since 2006. Prior to leading its global DTC business, he held management positions in retail operations and business development at Puma India.
In his new role, he will be based in Bangalore and will report directly to Puma chief executive Arne Freundt.
Balagopalan will succeed Abhishek Ganguly who worked for PUMA’s Indian business for 17 years and has been the managing director of Puma India since 2014.
Freundt said: “India is a vibrant market, where Puma has been the no. 1 brand for many. I would like to thank Abhishek for his energy and commitment over the past 17 years and wish him all the best for his future as an entrepreneur.”
Balagopalan will take up his new position on 1 August, although Ganguly will remain with the business until the end of August to ensure a smooth transition.