Gautam Singhania steps down as chairman of Raymon Apparel

New Delhi, Nov 14 (IEBusiness) Gautam Hari Singhania has resigned from the post of chairman of Raymond Apparel Ltd, the company said on Wednesday

However, Singhania continued to be on the board of Raymond Apparel Limited.

Commenting on the appointments, Singhania said; “I have always believed in setting the highest standard of governance and have always advocated to run the business professionally.

“I am delighted that Nirvik Singh has been appointed as the Non- Executive Chairman of Raymond Apparel Limited and I am sure that the company will benefit tremendously under his able leadership. I also welcome Anshu Sarin and Gautam Trivedi as new board members of Raymond Apparel Limited.”

Last month, Vijayapa Vijayapat Singhania, the founder of Raymond, was unceremoniously sacked from the company after a running feud with his son Gautam Singhania.

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