Indian Origin Leena Nair Becomes The New CEO Of Chanel; Know More About Her

indian origin leena nair

Indian origin Leena Nair, has been appointed as the new global Chief Executive Officer (CEO) of Chanel, a French luxury fashion house. The announcement came after the French luxury brand underwent a rapid internal transformation to deal with the slump amid the COVID-19 pandemic.

Leena Nair will be joining Chanel at the end of January and will be working from London, announced the company by releasing a statement. The organization also mentioned that the new appointments would ensure “long-term success as a private company.”

Chanel’s decision to hire a CEO from a non-fashion industry is considered part of its efforts to show a more inclusive approach.

Indian origin Leena Nair took to social media to show her excitement following the announcement. She tweeted, “I am humbled and honored to be appointed the Global Chief Executive Officer of Chanel, an iconic and admired company.”

Who Is Leena Nair?

Indian origin Leena Nair, who is now 52-year-old, was born in Kolhapur, Maharashtra. Electronics and telecommunications engineering at Walchand College in Sangli. Later, she pursued her MBA in Human Resources from Xavier School of Management-one of India’s top B-school, situated in Jamshedpur, in 1992, where she was awarded a gold medal.

She started her career as a management trainee at Unilever in 1992. She was one of the rare female employees of her time who opted for factory roles. In her early years, she worked at various Hindustan Unilever Limited (HUL) factories that include West Bengal’s Kolkata, Tamil Nadu’s Ambattur, and Maharashtra’s Taloja.

In 1993, Indian origin Leena Nair was appointed as the factory personnel manager of Lipton (India) Ltd, a tea brand owned by HUL.

She was appointed as the Employee Relations Manager by HUL in 1996 and was later ranked as the HR manager of Hindustan Lever India by 2000.

With her gradual growth in the organization, she held the post of Unilever’s senior vice president, HR, in 2013, and in the same year, she also took over as the global head of diversity.

Career Of Indian Origin Leena Nair

She spent over 30 years at the organization handling and managing different job roles, with the most recent role as the chief of human resources and a member of the company’s executive committee. With her steady growth at various ranks, she was declared the “first female, first Asian, youngest ever” Chief Human Resources Officer (CHRO) at Unilever in 2016. Nair was also a member of the Unilever Leadership Executive (ULE).

While exiting from Unilever, the Indian origin Leena Nair also showed her gratitude towards Unilever. She tweeted, “I am grateful for my long career at Unilever, a place that has been my home for 30 years. It has given me so many opportunities to learn, grow and contribute to a truly purpose-driven organisation. I will always be a proud advocate of Unilever and its ambition to make sustainable living commonplace.”

After being declared the CEO of Chanel, Indian origin Leena Nair has joined the list of executives who hail from India and have taken up top roles in some of the biggest global companies in recent years. Another current name added to this list was Parag Agrawal, the new CEO of Twitter replacing Jack Dorse.

Also Read: Jack Dorsey steps down as Twitter CEO; Parag Agrawal becomes the successor

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Falguni Nayar Reveals 2 Skills She Learned From Billionaire Uday Kotak

Falguni Nayar Reveals 2 Skills She Learned From Billionaire Uday Kotak

Falguni Nayar, the founder of the fashion and beauty product e-commerce platform, came into the spotlight after her company did a news round. Nykaa performed so exceptionally on the stock market that it was traded on both the Bombay stock exchange and the national stock exchange at a premium of 79 percent to its initial price set at Rs. 1125.

Falguni Nayar has proved that number of your age does not matter in your entrepreneurial journey. What is all required is the right choice of industry you want to plunge into, accompanied by a determination to succeed.

Falguni Nayar, originally hailing from Gujarat, had completed her education at the Indian Institute of Management Ahmedabad. For more than twenty years of her life, she worked as an investment banker with Kotak Mahindra Bank under the leadership and guidance of Uday Kotak.

Working closely with the prominent Indian entrepreneur and banker Uday Kotak has, for sure, has provided Falguni Nayar with an opportunity to learn and inhibit entrepreneurial skills.

Falguni Nayar started her venture when she was on the edge of turning fifty years old. She wanted to do something related to technology and beauty. So, she founded Nykaa in 2012 as a bootstrapped startup. Nykaa completely ran on her savings for the first two years as she wanted to create an identity for her startup before approaching the investors. Nykaa received an honor to be reckoned as a unicorn company in March 2020 – just eight years after its inception with a seed funding of around Rs 3 million from the Nayar Family.

Also Read: Nykaa Shares Still On Fire On Day 2! More Details Inside – Falguni Nayar Background, Nykaa’s Association With Katrina Kaif And More

During an interview with a leading news portal, Falguni Nayar disclosed what she learned from Uday Kotak. She said in an interview that she knew two fundamental lessons from Uday Kotak. One, Corporate governance stays crucial. Two, don’t do anything that does not sustain you financially. Undoubtedly, what she learned from Uday Kotak has facilitated Falguni Nayar steer Nykaa to a unicorn company.

It would be best not to make consumers purchase from your website because it is not sustainable. I think I have learned so much from it. Initially, I used to crack jokes that I did something wrong, like free shipping to any level. That is something Uday would disapprove of. So, there are a lot of lessons that revolve in my mind as to whether I would or would not do something, she jokingly said.

Falguni Nayar And Kotak Mahindra Bank’s Unbreakable Relation

In their book called How Uday Kotak built a valuable Indian Bank, R Gopalkrishnan and Tulsi Jayakumar have mentioned Uday Kotak’s attempt to stop Falguni Nayar from quitting the bank after her husband got a job abroad.

We had launched an advisory division in Kotak Mahindra Finance Limited. A year later, Falguni’s husband, a city bank employee, was deployed to London. Falguni Nayar was set to quit her job at the Kotak Mahindra Bank and shift to London with her husband. We said, ‘Falguni if you are shifting to London, we would set up an office in London. We want to sell and trade stock in GDRs. Why don’t you open it?’

Setting up Kotak Mahindra’s office in the United Kingdom was possible because of Falguni Nayar. Two years later, Sanjay Nayar, Falguni’s husband, was relocated to New York. We said it was great! Set up the New York office.

Uday Kotak further recalled an incident from 2012. He said Falguni told him that she was happy with what she had been doing at the bank, but she wanted to do something different and not compete with me. I asked her what was on her mind? She replied, ‘I am excited about starting something related to the internet and beauty. She turned her Idea into reality and christened it Nykaa.

UP Start-up Village Entrepreneurship Scheme Uplifts 11,454 Rural Women

Uttar Pradesh Chief Minister Yogi Adityanath’s troubles to empower rustic women and make them nature-reliant during the last four-and-a-half stretches has started yielding results as added and added bucolic ladies are now turning to entrepreneurship.

As beaucoup as women of the state have advantaged so far from the Start-Up Village Entrepreneurship Programme (SVEP), according to authorized statistics.

In the dollars-and-cents generation 2020-21, the devisees of the programme included women hailing from Akbarpur block of Ambedkar Nagar, Bankati block of Basti, Pipraich block of Gorakhpur and Sewapuri block of Varanasi. Before this, women belonging to different blocks of nine nabes advantaged.

It’s noteworthy that the SVEP was launched to strengthen women’s groups in UP while accelerating the fat development of bourgs and barring poverty and boot from there. Women in rustic areas of the State are setting up grocery shops, power impend units as well as flour and porridge workshops, strengthening the rustic thrift. These works are making townsmen in general financially stronger than anteriorly.

Also, the National Rural Livelihood Mission has been playing a vital work in motivating rustic women of UP to start small sedulousness.

Since 2017, the Government has helped several groups of women set up small sedulousness and enterprises in 19 blocks of 19 sections.

For setting up a single enterprise, women are given loans ranging from Rs to Rs 1 lakh, whereas for setting up a community assiduity, a loan of Rs 1 lakh to Rs 5 lakh is being given to women’s groups. The proportion of women and men working in these assiduity is 6040, separately.

The government also ensures that the men working in the units are related to women of the group. A sizeable number of women is also working in the manufacturing, trading and service sectors.