Karthik Balagopalan has stepped down from his role at Puma India. 

He has noted that he aims to focus on family priorities in Germany as the reason for his departure. 

Puma will officially announce the successor soon. 

He was the managing director and had joined the athletic apparel and footwear brand in 2006. 

Over his nearly two-decade tenure, he held key management roles across retail operations and business development, both in India and globally. 

He succeeded Abhishek Ganguly, who had led PUMA India for nearly a decade before moving on to pursue an entrepreneurial venture.

In a career spanning over 23 years, he has also worked with Reebok India and Godfrey Philips India, among others.