ASIAN PAINTS APPOINTS K B S ANAND AS MANAGING DIRECTOR AND CEO
Asian Paints today has appointed K B S Anand as Managing Director and CEO of the company for three years with effect from April 1.
The company's board, , has appointed KBS Anand-President Decorative Business Unit, as an additional director and Managing Director and CEO of the company for a period of three years with effect from April 1, 2012, Asian Paints said in a filing to the BSE.
The term of current MD and CEO P M Murty will expire on March 31, 2012, and consequently, Murty will cease to be a director on the board of the company.
The company's board, , has appointed KBS Anand-President Decorative Business Unit, as an additional director and Managing Director and CEO of the company for a period of three years with effect from April 1, 2012, Asian Paints said in a filing to the BSE.
The term of current MD and CEO P M Murty will expire on March 31, 2012, and consequently, Murty will cease to be a director on the board of the company.
TOP EXECUTIVE DEBASHIS CHATTERJEE RETURNS TO COGNIZANT TECHNOLOGY SOLUTIONS
Cognizant Technology Solutions has got back one of its key executives who had left last year to join rival IBM.
After making a high profile exit barely a year ago, Debashis Chatterjee, the vice-president heading Cognizant's banking and financial services industry practice is now back as a senior vice-president leading activities around large transformational deals.
"Yes, DC (Debashis Chatterjee) has returned to Cognizant. Cognizant enjoys tremendous goodwill among its former associates and we are happy to welcome back one of our top performers," said R Chandrasekaran, group chief executive, technology & operations at Cognizant.
KINGFISHER INDUCTS THREE INDEPENDENT DIRECTORS ON BOARD
Kingfisher Airlines has taken on board three independent directors to comply with the listing norms, a week after its lone independent director walked out citing poor health condition.
According clause 49 of Sebi's Listing Agreement, at least 50 per cent of the Board of Directors should comprise of independent directors. After the exit of Anil Kumar Ganguly, the Kingfisher board was left with just three directors of whom none were independent directors.
"The company, therefore, in order to comply with the Listing Agreement has to appoint three independent directors. The company proactively already taken steps and has obtained the consent of Manmohan Singh Kapur, Lalit Bhasin and Shrikant Ruparel to join the board o directors of the company as independent directors," KFA said in a filing to the BSE.
According clause 49 of Sebi's Listing Agreement, at least 50 per cent of the Board of Directors should comprise of independent directors. After the exit of Anil Kumar Ganguly, the Kingfisher board was left with just three directors of whom none were independent directors.
"The company, therefore, in order to comply with the Listing Agreement has to appoint three independent directors. The company proactively already taken steps and has obtained the consent of Manmohan Singh Kapur, Lalit Bhasin and Shrikant Ruparel to join the board o directors of the company as independent directors," KFA said in a filing to the BSE.
SANJIV BAJAJ RESIGNS AS EXECUTIVE DIRECTOR OF BAJAJ AUTO
Bajaj Auto today said Sanjiv Bajaj has resigned as Executive Director of the company with effect from April 1.
"Bajaj, in view of his appointment as Managing Director in Bajaj Holdings & Investment Ltd, has resigned as Executive Director of the company with effect from April 1, 2012," Bajaj Auto said in a filing to the BSE.
He, however, will continue as a non-executive Director with effect from April 1, 2012, he added.
In a separate filing, Bajaj Holdings & Investment said the Board of Directors in its meeting appointed Sanjiv Bajaj as Managing Director for a period of five years.
"Bajaj, in view of his appointment as Managing Director in Bajaj Holdings & Investment Ltd, has resigned as Executive Director of the company with effect from April 1, 2012," Bajaj Auto said in a filing to the BSE.
He, however, will continue as a non-executive Director with effect from April 1, 2012, he added.
In a separate filing, Bajaj Holdings & Investment said the Board of Directors in its meeting appointed Sanjiv Bajaj as Managing Director for a period of five years.
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