Reliance Retail durables CEO quits

Reliance Retail has seen its first high-profile exit. Rajeev Karwal, president and CEO of the company's consumer durables vertical, has put in his papers within three months of joining the company.

Ajay Baijal, formerly group head, channel business (wireless) at Reliance Infocomm, will succeed Karwal. Baijal is currently president (corporate planning) in the consumer durables vertical of Reliance Retail.

While Karwal could not be reached for comments, sources close to the development said he quit due to personal reasons as he wanted to go back to Delhi.

Karwal was in charge of the entire durables division of Reliance Retail, involving appliances, electronics, telecommunications, computer software, hardware and photography.