Reliance Retail suffers its first major HR casualty

The Economic Times and Business Standard report that Reliance Retail lost its first high profile executive, with Rajeev Karwal, president and CEO of the consumer durables division. Incidentally, he was also the first to join the Reliance Retail venture. Reliance Retail has named Ajay Baijal, former group head at Reliance Infocomm, an Anil Ambani owned company, as his replacement. Rajeev Karwal was earlier CEO of Electrolux and before that with LG Electronics, where he was widely credited as being responsible for the company’s gaining a foothold in the Indian market.