December 15, 2021
2 mins read

India’s Leena Nair named Global CEO of Chanel

Nair’s 30-year-long career at Unilever comes to an end with her as the chief of human resources and a member of the company’s executive committee…reports Asian Lite News.

Leena Nair (52), who was named the new global CEO of French fashion house Chanel on Tuesday, said that she is humbled and honoured to be appointed the global Chief Executive Officer of Chanel, which is an iconic and admired company.

In a rare move for the tightly-controlled fashion house, picking the consumer goods veteran to run one of the world’s biggest luxury groups sends a positive and inclusive message, setting the pace in an industry reeling under pressure to show a more inclusive and accepting approach.

“I am so inspired by what Chanel stands for. It is a company that believes in the freedom of creation, in cultivating human potential and in acting to have a positive impact in the world,” Nair tweeted.

The Indian born British national has been given the charge of ensuring Chanel’s “long term success as a private company”, it said in a statement, recognising Nair as a “visionary leader whose ability to champion a long-term, purpose-driven agenda is matched with a consistently strong record of business outcomes”.

Renowned for its women’s pantsuits, tweeds and famous handbags, Chanel was founded in 1910 by the legendary Gabrielle Chanel, fondly called “Coco” Chanel. What started out as a hat boutique in Paris became synonymous with French chic and Parisienne style.

From 2016 to date, Alain Wertheimer, who owns Chanel with his brother Gerard Wertheimer, temporarily took on the CEO’s job till a suitable candidate was found. The 73-year-old French billionaire will take on the role of global Executive Chairman.

Nair’s 30-year-long career at Unilever comes to an end with her as the chief of human resources and a member of the company’s executive committee. Unilever’s CEO, Alan Jope, thanked her for her “outstanding contribution”, adding that she “has been a pioneer through her career… a driving force on our (Uniliver’s) equity, diversity and inclusion agenda… she has played a critical role in building our purpose-led, future-fit organisation.”

Nair will now be based out of London and will join the luxury house at the end of January.

ALSO READ-IIT-B celebrates alumnus’ rise to Twitter CEO

Previous Story

More Woes as Afghan currency drops value

Next Story

SpiceJet, DHC ink settlement deal

Latest from Europe

G7 Sides with Israel in Escalating Conflict

The leaders said “Iran is the principal source of regional instability and terror.”…reports Asian Lite News Leaders of the G7 nations, meeting at a summit in Canada, issued a joint statement backing

Modi, Cyprus President Hold Talks

Both leaders explored avenues to deepen cooperation in trade, investment, security, and technology…reports Asian Lite News Prime Minister Narendra Modi on Monday held wide-ranging discussions with Cyprus President Nikos Christodoulides at the

India,Belgium Strengthen Ties

India and Belgium share dynamic cooperation in several domains, including trade and investment, green energy, advanced technologies, pharmaceuticals, the diamond sector, and robust people-to-people contacts External Affairs Minister S. Jaishankar on Monday

Putin Endorses Naval Expansion Strategy

Signed by Putin on May 30, the document outlines strategic goals for Russia’s naval forces in both peacetime and wartime Russian President Vladimir Putin has approved a comprehensive long-term strategy for the

Pahalgam: EU’s Moral Fog on Pak Terror

By treating the victim of a terror attack and the alleged sponsor of that attack as equal parties in a dispute, the EU sends a troubling message: that geopolitical balance matters more
Go toTop