Department store chain Shoppers Stop Ltd said in a Dec. 19 filing to the Bombay Stock Exchange that it appointed Rajiv Suri as CEO, effective Jan. 9, 2018.

The company also stated in the same filing that Sanjay Chakravarti will resign as CFO, effective Dec. 22.

The CEO appointment and CFO resignation were both approved at the company's board meeting Dec. 19.

Suri is CEO of Dubai-based holding company Majid Al Futtaim's fashion arm.