👥 HR & Workplace🇮🇳 India
Bata India Hires Nike Executive as CEO — Shares Jump 16%
Mint·Friday, 19 June 2026
Bata India has appointed Sanjay Rao as its new Managing Director and CEO. Rao comes from Nike Retail and succeeds Gunjan Shah, who will step down after completing his five-year term. Investors cheered the news, sending Bata's shares surging over 16% on the announcement.
Why It Matters
Bata is one of India's most recognisable consumer brands with stores across the country — a leadership change aimed at winning over younger shoppers signals a major strategic shift for the company.
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