Finolex Industries Limited, India’s leading manufacturer of PVC, Pipes & Fittings, announced it has named Ajit Venkataraman, CEO, as Managing Director on the company’s Board, with effect from June 1, 2023.
According to the company’s exchange filing, “the Board of Directors of the Company at its meeting held on Monday, 22nd May, 2023, has, inter-alia, approved the appointment of Mr. Ajit Venkataraman (DIN: 07289950) currently designated as Chief Executive Officer of the Company, as an Additional Director and Managing Director (Key Managerial Personnel) of the Company for a period of five years with effect from 1 st June, 2023 subject to the approval of members at the ensuing Annual General Meeting. Consequent upon appointment of Mr. Ajit Venkataraman as Managing Director of the Company with effect from 1st June, 2023, he will cease to be Chief Executive Officer of the Company with effect from end of business hours of 31st May, 2023.”
Ajit Venkataraman is an MBA from University of Michigan and brings in 28 years of rich experience across US, India & South East Asia. Mr. Ajit Venkataraman comes with diverse industry experience both national and global, and an impressive track record of delivering performance consistently through the years. He has been instrumental in running multicultural organizations in the Automobile and Logistics industry. His strength lies in strategic planning, managing JVs, new market entry, business turnaround, product development and management. Ajit Venkataraman is currently working with the Company as Chief Executive Officer since 1st August, 2022.
He was previously associated with some prominent companies like Tecumseh, Kearney, Tata Motors & APM Terminals Inland Services Asia and Greaves Cotton Limited.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.