HomeBUSINESSCEO of Nykaa's FSN Brands Reena Chhabra resigns

CEO of Nykaa’s FSN Brands Reena Chhabra resigns

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Reena Chhabra, the chief executive officer of Nykaa’s private label division FSN Brands, has resigned with effect from 16 August, 2022, the company said in a regulatory filing.

Chhabra had earlier worked with cosmetic brand Colorbar as COO. She has also led Lakme Beauty Services at Unilever and worked with Kaya Skin care, among other retail brands.

Chhabra stands to make 250 crore with 2.1 million shares and 0.12 million employee stock options (ESOPs), Mint had reported in 2021. She has been associated with FSN Brands since May 2016. The total remuneration paid to her in FY21 was 3.06 crore, according to the draft red herring prospectus (DRHP) filed by the company.

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