New Delhi, Jul 10 (PTI) Retail firm Shoppers Stop on Friday said its Managing Director and Chief Executive Officer Rajiv Suri has resigned citing personal reasons.

The company's board in a meeting on Friday accepted Suri's resignation, said the K Raheja Corp group firm in a regulatory filing.

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"Rajiv Suri, managing director and chief executive officer of the company, has tendered his resignation for personal reasons, effective August 25, 2020, to pursue a career in a company outside India," the company said.

The board has requested the company's nomination remuneration and corporate governance committee to identify and recommend a suitable candidate for the leadership position, it added.

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"In the interim period, the company shall be managed by an experienced CXO committee to ensure the stability of operations and strategic initiatives," it said.

Shoppers Stop is a retailer of fashion and beauty brands, and operates 90 department stores in 44 cities.

The company had reported a revenue of Rs 3,380.98 crore for 2019-20.

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