Karthik Balagopalan, global director of retail and e-commerce for sportswear manufacturer PUMA, has been named the new managing director of PUMA India, one of the company’s fastest-growing markets.
Since 2006, Karthik has been a part of PUMA. He held executive positions in the Retail operations and Business Development departments of PUMA India before taking the helm of the company’s worldwide DTC division.
He is the excellent choice for managing the crucial Indian market due to his local expertise, significant experience in the direct-to-consumer business across all channels, exposure to global company, and headquarters functions. Karthik will be stationed in Bangalore, India, and report to PUMA CEO Arne Freundt.
“India is a vibrant market, where PUMA has been the No. 1 brand for many years. With the appointment of Karthik, we will write the next chapter of this very successful story,” said PUMA CEO Arne Freundt. “I would like to thank Abhishek for his energy and commitment over the past 17 years and wish him all the best for his future as an entrepreneur.”
Abhishek Ganguly, who served as the managing director of PUMA India since 2014 and worked for the company’s Indian division for 17 years, is replaced by Karthik. Abhishek departs from PUMA to pursue an entrepreneurial career at his own business.
PUMA is a multinational sports brand that designs and manufactures footwear, apparel, and accessories for various sports and lifestyle activities. It was founded in Germany in 1948 and is now headquartered in Herzogenaurach, Bavaria.