Sadashiv Nayak to take over as CEO of Future Retail

Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday. The board of the company at its meeting held on Wednesday "considered and approved" the appointment of Nayak as CEO, the Future Group firm said in a regulatory filing. Nayak has been associated with Future Group for over 17 years. In the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, it said.