Neeman’s has announced the appointment of Sumit Maloo as its Chief Financial Officer (CFO). Sumit Maloo joins Neeman’s from Skechers.
In his previous role at Skechers South Asia, Sumit led Financial Strategy, Operations, Controls, Planning & Analysis, Reporting and Treasury.
Sumit also spearheaded initiatives like establishing the FP&A function, enhancing financial reporting, ERP integration, enhancing Internal controls and providing real-time insights that enabled sustainable profitable growth. Beyond Skechers, Sumit has held key positions in Finance at renowned organizations like Staples, ICICI Bank, and Reliance Brands.
Neeman’s has rapidly grown to become India’s pioneering eco-friendly footwear brand, driven by a commitment to natural, sustainable materials and unparalleled comfort. Having established a strong direct-to-consumer presence, Neeman’s is now focused on expanding its reach through a robust retail network.
Amar Preet Singh, COO and Co-founder of Neeman’s, said, “Sumit Maloo’s exceptional financial acumen and his experience in profitably scaling operations align seamlessly with Neeman’s growth objectives. We’re excited to welcome him on board to support Neeman’s ambitious plans for expansion, ensuring that we continue to grow in a way that reflects our commitment to sustainable, high-quality footwear.”
Commenting on his appointment, Sumit Maloo Said, “I am honored to join Neeman’s as CFO at this pivotal stage in the company’s journey. This opportunity marks an exciting new chapter in my career and I am eager to contribute to a team dedicated to creating comfortable, stylish and sustainable footwear. I look forward to collaborating with talented colleagues and engaging with the vibrant community at Neeman’s. Together, we aim to build a strong retail presence across India, balancing profitability with our shared dedication to sustainable growth.”
Currently operating 14 offline exclusive stores, Neeman’s plans to expand its retail footprint, aiming to open 100 stores across major cities in India over the next two years.
