Crompton Greaves Consumer Electricals Limited announced the appointment of Sundaram Damodarannair as Chairman of the Board, with effect from October 21, 2023.
D. Sundaram is a Postgraduate in Management Studies, Chennai, Fellow of the Institute of Cost and Management Accountants, and has done Harvard Business School’s Advanced Management Programme and holds experience in corporate finance, business performance, monitoring operations, governance, mergers & acquisitions, talent/people management and strategy.
D. Sundaram has been associated with Crompton as a Non-Executive & Independent Director since 2015 and is currently the Vice Chairman and MD of TVS Capital Funds Ltd. D. Sundaram has more than 34 years of experience with Hindustan Unilever Limited and is a two-time winner of the prestigious “CFO of the Year for FMCG Sector” award by CNBC TV18 (2006 and 2008) and was also awarded as the ‘Best Independent Director in 2019’ by Asian Centre for Corporate Governance and Sustainability in December 2020.
He has also served as an Independent Director on the Board of State Bank of India, between Jan 2009 to June 2014; of SBI Capital Markets between 2002 to 2014 and has been a member of the board of governors of Institute of Financial Management and Research, Chennai, since 2005 and served Hindustan Unilever Limited in various capacities since June 1975 till 1990, he was seconded to Unilever, London as Commercial Officer for Africa and Middle East Group between 1990 and 1993. He was the Commercial Manager of TOMCO integration team in 1993/94 and CFO of Brooke Bond Lipton from 1994 to 1996 and has served in Unilever London between 1996 to 1999, as Sr. Vice President (Finance, IT and Strategy) for South Asia and Middle East. In April 1999 he returned to HUL as Finance & IT Director and was elevated as Vice Chairman of HUL in April 2008.
He currently serves as an independent director on the boards of SBI General Insurance, GSK Pharma India and Trent Hyper Market (JV with TESCO).
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