PUMA India ropes in Karthik Balagopalan as the new Managing Director
PUMA has appointed PUMA’s Global Director Retail and e-Commerce Karthik Balagopalan as the new MD of PUMA India, one of the company’s most rapidly expanding markets.
Karthik has been part of the PUMA team since 2006 and previously held management positions in retail operations and business development at PUMA India before leading the global DTC business at PUMA.
His local knowledge and relevant experience in the direct-to-consumer business across all channels combined with exposure to global business and headquarter functions makes him the ideal candidate for managing the critical Indian market. Karthik will report to PUMA CEO Arne Freundt and will be based in Bangalore, India.
Karthik replaces Abhishek Ganguly, who worked for PUMA’s Indian business for 17 years and has been the MD of PUMA India since 2014. Abhishek Ganguly will step down from his role to pursue a career as an entrepreneur in his own venture. Effective August 1, 2023, Karthik will assume his new position. To ensure a seamless handover, Abhishek will stay with PUMA until the end of August.
PUMA CEO Arne Freundt, said, “India is a vibrant market, where PUMA has been the No. 1 brand for many years. With the appointment of Karthik, we will write the next chapter of this very successful story. 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.”