Nykaa, an India-based online beauty marketplace, has appointed P Ganesh as its new chief financial officer effective February 3, the Economic Times reported.
He succeeds Arvind Agarwal, who had served as Nykaa’s CFO since November 2020.
Ganesh joins Nykaa after serving as CFO of Tractors and Farm Equipment.
With nearly three decades of experience in domestic and international markets, Ganesh previously worked in finance and accounting for companies such as Glenmark Pharma, local conglomerate Godrej Group, and adhesives manufacturer Pidilite. He joins Nykaa after serving as CFO of Tractors and Farm Equipment.
Nykaa founder and CEO Falguni Nayar said that Ganesh’s expertise in the Indian financial sector and understanding of overseas markets will be “valuable in guiding Nykaa’s journey as a leader in the beauty and lifestyle omnichannel retail.”
See also: India’s beauty D2C space is booming, but SEA’s may be even bigger
Editing by Miguel Cordon and Dhania Putri Sarahtika
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