MUMBAI: Soon after Rajiv Mehta quit the company after nine years, Puma India has announced the appointment of Abhishek Ganguly, as its new managing director.

Talking about the new appointment Puma EEMEA region GM said, “We're delighted to ring in Abhishek's appointment as the managing director of Puma India as one of the founding directors of PUMA India. Abhishek brings with him a wealth of experience that will guide the brand towards its next leap in India.”

“Puma India has delivered an outstanding performance during the last nine years and I look forward to the continued progress of this great brand of ours with Abhishek,” he added.

Ganguly previously had been spearheading the sales and retail functions for the brand and had joined Puma right at its inception in 2005 as a founding director. His appointment comes at a time when the brand is taking bold steps in its new positioning to be the fastest brand in the world. The brand recently launched the Forever Faster campaign.

Puma India now has around 300 stores in 100 cities and towns. The company has opted for the hybrid retail model in India which is made up of franchises as well as owned-and-operated stores. As much as 15 per cent of its stores are owned-and-operated. And 12 per cent of its annual revenue comes from online platforms such as Myntra, Jabong and Flipkart.