Mumbai: This makes Nair, born and brought up in Kolhapur, the second Indian-origin woman to take over as CEO of a large global company after Indra Nooyi (Pepsico).
Incidentally, Nooyi happens to be Nair’s mentor. Nair’s appointment is not only a big leg-up for aspiring women leaders, it’s also a major thrust to the HR function, bringing CHROs to the forefront of leadership candidature.
A Chanel statement said Alain Wertheimer (the owner) will move to the role of global executive chairman and Nair, 52, will assume the role of global CEO based in London, UK. The new partnership “will further ensure long-term success as a private company, believing in the freedom of creation and cultivating human potential”, it added.
The $10-billion Chanel competes with global luxury firms such as $50-billion LVMH (Louis Vuitton), Hermes, Gucci, L’Oreal, Michael Kors, among others.
‘HR not backroom dept, it’s vital cog for success’
Nair said in a post on LinkedIn, “I am hum-bled and honoured to be appointed the Global Chief Executive Officer of Chanel, an iconic and admired company. I am so inspired by what Chanel stands for. It is a company that believes in the freedom of creation, in cultivating human potential and in acting to have a positive impact in the world.”
This story is from the December 15, 2021 edition of The Times of India Mumbai.
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This story is from the December 15, 2021 edition of The Times of India Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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