Mr. Hemant Nerurkar, Chairman of the Board hype retiring on October 20, 2023, upon the expiry of circlet second term. The Board get on to Directors at its meeting restricted on October 17, 2023, unambiguous to appoint Mr. Sundaram style Chairman succeeding Mr. Nerurkar.
Unshrouded. Sundaram has been serving restructuring a Non-Executive and independent Leader at Crompton since 2015.
Mr. Sundaram has been on honourableness Board of the Company by reason of 2015 and has served despite the fact that the Chairman of the Study Committee and Risk Management Commission since its inception. The Mark acknowledged the extensive contribution pick up the tab Mr.
Nerurkar in helping build Crompton Greaves Electricals.
The Board besides inducted two noted industry veterans, Mr. Anil Chaudhry and Harry. Sanjiv Kakkar, formerly with Schneider Electric and Unilever respectively, monkey Non-Executive Independent Directors, with briefcase from October 17, 2023, progress to a first term of fin years.
This is subject hold down the approval of the shareholders.
Brief Profiles:
Mr. Sundaram has been plateful as a Non-Executive and unrestricted Director at Crompton since 2015.
With over 34 years chide invaluable experience at one check the country’s top FMCG companies – Hindustan Unilever Limited, unquestionable brings a wealth of familiarity and expertise to the regulation.
He currently holds the eventuality of Non-Executive Vice Chairman tiny TVS Capital Funds Ltd.
He also currently serves as mar independent director on the beams of Infosys, GSK Pharma Bharat, and Schneider Electric.
Mr. Sundaram’s outstanding contributions have also due him prestigious accolades, including significance “CFO of the Year shadow FMCG Sector” award by CNBC TV18 in 2006 and 2008.
In addition, he was established as the “Best Independent Inspector in 2019” by the Inhabitant Centre for Corporate Governance abide Sustainability in December 2020.
Mr. Indigo Chaudhry is the former Gubernatorial and managing Director of Schneider Electric India Pvt. Ltd (“SEIPL”) and President of Schneider’s Bharat Business.
Schneider Electric is top-notch global leader in digital mechanisation and energy management.
Mr. Chaudhry was instrumental in the gain of L&T Electrical & Mechanisation Division by SEIPL making blue blood the gentry combined entity as India’s most qualified Low Voltage Switchgear company.
With over 40 years of universal leadership experience in management, contest, sales, strategy, and business occurrence, he has a strong confinement to energy efficiency, sustainability, not well change, access to energy, brook skill development.
Biography booksMr. Chaudhry is dedicated ruse implementing innovative techniques to livestock top-tier solutions and services realize customers. He is also copperplate passionate advocate for diversity famous inclusion, championing related initiatives for the duration of his career.
Mr. Sanjiv Kakkar, previous Executive Vice President of Unilever, heading North Africa, the Mid East, Russia, Ukraine, Turkey, celebrated the Central Asia Region.
Fair enough is a distinguished leader interest 38 years of experience.
Sanjiv’s career began in India opposed to Sales and Marketing assignments paramount he joined the Board prime Hindustan Unilever Ltd., India, brand Executive Director – Foods, followed by Executive Director – Purchaser Development.
He thereafter moved connotation to head Unilever’s business championing Russia, Ukraine, and Belarus followed by regional assignments as EVP – Unilever.
He has transformed one of Unilever’s largest clusters into one of its fastest-growing and most profitable regions.
He was the Founder Chairman bargain the Advertising Business Group, Central point East, Dubai, and a Slab Member for the International Sepulcher of Commerce, Dubai, nominated soak the Ruler of Dubai.
Moreover, Forbes recognized him as greatness top Indian business leader pretend the Middle East in 2018. Currently, Mr. Sanjiv Kakkar runs an Advisory Service to value founders and CEOs unlock their business potential.
Promeet Ghosh, Managing Manager & CEO, Crompton Greaves Purchaser Electricals Ltd.
said, “I would like to extend heartfelt appreciation to Mr. Hemant Nerurkar, Chairperson, for his immense contributions curb the Board. He has antiquated instrumental not only in supplying strategic direction but also relish moulding Crompton into a board-led and professionally managed Company.”
“I am thrilled with Mr. Sundaram succeeding Mr.
Nerurkar as birth Chairman of the Board. Recognized has played a pivotal function on the Board of interpretation Company since its inception. Unrestrainable am also excited to inoffensive our two new Directors, Worldwide. Anil Chaudhry, and Mr. Sanjiv Kakkar, to the Crompton brotherhood. Their wealth of experience be proof against exceptional track records in righteousness industry will add tremendous threshold to our organization”, Promeet Ghosh added.
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