India’s biggest online destination for beauty & wellness, Nykaa Chief executive officer (CEO) Reena Chhabra has resigned from the organization.
Reena Chhabra’s resignation will come into effect on August 16. She has been associated with the organization for over six years.
She joined Nykaa in 2016 and was instrumental in taking its private label to more households by introducing new product lines and increasing distribution.
According to multiple reports, Reena stands to make Rs. 250 crores with 2.1 million shares and 0.12 million employee stock options (Esops). The total compensation paid to her in FY21 was Rs 3.06 crore, according to Nykaa’s draft red herring prospectus (DRHP).
Reena has been a highly competitive, persuasive, profit-oriented Chief Operating Officer with demonstrated success in increasing revenues, market share, and earnings, and improving client satisfaction in customer-facing operations within large diverse organizations.
Reena has over 25 years of experience. She has an exceptional relationship manager with the ability to quickly win the trust of stakeholders while being recognized as a natural CEO and leadership coach with high EQ who consistently produces sustainable results.
Prior to Nykka, she was associated with Colorbar USA as COO. Previously, she had been associated with leading organizations such as Q-Med AB, Unilever, kaya skin care Ltd, Kodak, Fosters Group, and Eli Lilly.
The company reported strong Q1 earnings last week, with consolidated profit up 33% to Rs 4.55 crore from Rs 3.41 crore in the corresponding quarter of last year.
The company has over 2500+ brands, 5 lakh+ products, and delivery all across India which strives to be the one-stop shop for a consumer.