New Delhi, FMCG major Dabur India Limited (DIL) today announced the appointment of Peter Gerard Baker as the Chief Executive Officer for its newly-formed retail subsidiary H&B Stores Ltd.
Prior to this posting, Baker was the group head of retail of Lee Cooper Group and was responsible for over 450 stores around the world.Mr. Baker has also held a number of Senior Retail Management/Director positions both in Asia and Europe at A S Watson, the world’s leading Health & Beauty Store operator.
He will look after the new retail initiatives of Dabur India, including establishment of the new subsidiary and the stores in the country, the company said in a release here.
Mr. V C Burman, Chairman, Dabur India Limited, said: “I am delighted to announce Mr. Peter Baker’s appointment as H&B Stores Ltd’s new CEO and am confident his appointment will reinforce our commitment to build a strong management team to carry forward our vision of making H&B Stores the leading player in the Health and Beauty retail space in India.”
Mr. Baker said: “I am happy to be part of Dabur India's retail venture, H&B Stores Ltd. They have a vision to provide a great retail experience for consumers in India. I see a big growth in the Indian retail space and H&B Stores Ltd, with its unique offering, is well placed to carve a substantial niche to itself.”
"I look forward to working with Peter Baker closely, as we exploit new market opportunities and capitalise on the strong momentum already evident in the business," Dabur India Chief Executive Officer Sunil Duggal said.
Dabur India will invest Rs 140 crore by 2010 to establish its presence in the retail market in India with a chain of stores on the Health & Beauty format and is planning to set up 350 retail stores across India in the next five years.
It would further expand it to over 1,000 stores by 10th year of operation, the company said.