Future Retail appoints Big Bazaar’s chief Sadashiv Nayak as new CEO

Nayak has been associated with Future Group for over 17 years. In the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today. 

New Delhi: Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday. The board of the company at its meeting held on Wednesday "considered and approved" the appointment of Nayak as CEO, the Future Group firm said in a regulatory filing. Nayak has been associated with Future Group for over 17 years. In the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, it said. "He had worked at various designations during his association within the Group," it said.