Relaxo Footwears Elevates Gaurav Dua, Ritesh Dua as Co-CEOs
Relaxo Footwears Ltd has unveiled a reorganization of its leadership, promoting senior executives Gaurav Kumaar Dua and Ritesh Dua to the positions of Co-Chief Executive Officers, emphasizing the adoption of a dual leadership model for the company.
Gaurav Kumaar Dua, presently serving as Whole-time Director, has been reassigned as Co-Chief Executive Officer and Whole-time Director (Co-CEO & WTD). Concurrently, Ritesh Dua, the current Executive Vice President in Finance, will assume the responsibilities of Co-Chief Executive Officer.
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These changes in leadership roles are set to be implemented on April 1, 2026. The company has announced that the reassignments will affect current compensation structures, while tenure and other conditions approved by shareholders at the annual general meeting on August 24, 2023, will remain unchanged.
The current term of office for the individuals in question spans from October 1, 2023, to September 30, 2026.
The appointments indicate a shift towards a collaborative leadership approach at the prominent footwear company, dividing responsibilities between business operations and strategic tasks.
Gaurav Dua possesses more than two decades of extensive experience in sales and marketing within the footwear sector. With an MBA degree from the University of Wales, he has successfully spearheaded numerous projects aimed at driving revenue growth, expanding market reach, and enhancing brand recognition at Relaxo. Additionally, he is affiliated with the promoter family and is the son of the Managing Director, Ramesh Kumar Dua.
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Ritesh Dua, boasting over 26 years of experience, has effectively managed essential responsibilities such as finance, human resources, information technology, and exports. Graduating with an MBA from the prestigious Fore School of Management in Delhi, he has significantly contributed to enhancing the operational infrastructure of the company. As a member of the promoter group, Ritesh Dua is closely associated with the senior leadership, including Whole-time Director Nikhil Dua.
Relaxo Footwears recently named Amit Roy as their new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The Board of Directors officially sanctioned this appointment on March 26, 2026, with Roy assuming his new responsibilities on April 1, 2026.
With a wealth of more than three decades of expertise in finance, treasury, and taxation, Roy's tenure includes leadership of the company's Taxation Department in the past. This strategic appointment is scheduled to commence on April 1, 2026. Roy will take on the responsibilities associated with the position of Chief Financial Officer starting on that date.
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The announcement affirms that this appointment is unrelated to any shifts in directorial relationships. Amit Roy is characterized as a skilled financial executive with more than three decades of experience following completion of professional qualifications. His expertise covers various key roles such as finance, accounting, treasury, corporate strategy, and a focus on tax matters. Roy possesses impressive academic credentials, such as being a Chartered Accountant, a Cost Accountant, and obtaining a B. Com (Hons.) degree from Delhi University. Throughout his academic career, he has consistently been acknowledged for his exceptional performance.