The German sports brand PUMA has announced that Karthik Balagopalan, its current India head, is stepping down to focus on family commitments.

Balagopalan was appointed as Managing Director for India in May 2023, succeeding Abhishek Ganguly, who had been with the company for 17 years.

PUMA has stated that an official announcement regarding Balagopalan's successor will be made soon.

(With inputs from agencies.)

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