Thursday, August 28, 2014

Ramesh Tainwala will be the CEO of Samsonite International

Samsonite International S.A. the world’s largest travel luggage company today announced that Tim Parker, currently Chairman and Chief Executive Officer, will assume the role of Non-Executive Chairman of the Group, while Ramesh Tainwala, currently Chief Operating Officer, will be promoted to Chief Executive Officer, effective October 1, 2014.  Samsonite also announced today its results for the six months ended June 30, 2014.  On a constant currency basis, the Group’s net sales in India and globally increased by 24.6% and 13.8% respectively for the first half of 2014.
The Group recently made three strategic acquisitions to further diversify its brand and product portfolio: Lipault, a French luggage maker known for its functional and fashionable designs, in April 2014; Speck Products, a leading U.S. designer and distributor of slim protective cases for personal electronic devices, in May 2014; and Gregory, an iconic technical outdoor backpack company, in July 2014.
 Ramesh Tainwala joined Samsonite nearly 20 years ago in 1995, prior to which he was an entrepreneur in the plastic processing and consumer goods industries in India. In addition to his most recent position as Chief Operating Officer of the Group, Mr. Tainwala served as Samsonite’s President for Asia-Pacific and the Middle East, a role in which he was responsible for managing and developing the Company’s business in Asia Pacific which included overseeing manufacturing operations in India as well as marketing and sales in Asia, the Middle East and Australia.