Orient Electric Limited, part of the diversified USD $2.8 billion, CK Birla Group, announced that Rajan Gupta has resigned from the role of Managing Director and Chief Executive Officer of the company, with effect from July 14, 2023. Desh Deepak Khetrapal has been named new Managing Director of the company, with effect from July 15, 2023.
According to the company’s exchange filing, “Took on record the resignation of Mr. Rajan Gupta (DIN: 07603128) as Director and from the position of Managing Director & Chief Executive Officer of the Company, to be effective from the close of business hours on July 14, 2023. Pursuant to Sub-para (7C) of Para A of Part A of Regulation 30 of Listing Regulations, the copy of his resignation letters as submitted to the Company are enclosed herewith as Annexure 1a.”
“Appointed Mr. Desh Deepak Khetrapal (DIN: 02362633) as the Managing Director of the Company for a period of 01 year (one year) effective from July 15, 2023, designated as Vice Chairman and Managing Director, on the recommendation of the Nomination and Remuneration Committee, subject to approval of the shareholders of the Company, which shall be taken within prescribed timeline,” as per the exchange filing.
Desh Deepak Khetrapal holds an Honours degree in Business and Economics from Shri Ram College of Commerce and an MBA degree from Faculty of Management Studies, Delhi University. He has a rich experience in industrial, consumer, and retail businesses. He is a business leader with a track record of leading and transforming large and diversified organisations across various industries, including services, industrials, and consumer and retail businesses, the statement said.
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.