Textile manufacturer Welspun Living Limited (Formerly known as Welspun India Limited) announced the appointment of Murali Sivaraman as Independent Director on the company’s Board of Directors, with effect from November 1, 2023.
According to the company’s exchange filing, “In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that at the recommendation of the Nomination and Remuneration Committee and subject to approval of the shareholders, the Board of the Company has appointed Mr. Murali Sivaraman, holding Director Identification Number (DIN: 01461231), as an Independent Director of the Company for his first term of 4 (Four) years from November 01, 2023 to October 31, 2027. He will not be liable to retire by rotation.”
Murali Sivaraman, aged 62 years, is a Chartered Accountant (A.C.A – Institute of Chartered Accountant of India) Cost and Works Accountant (A.I.C.W.A – Institute of Cost and Works Accountant of India) and has a Post Graduate Diploma in Management (PDGM – Indian Institute of Management, Ahmedabad).
He has also completed his Advanced Management Program from Harvard. He has more than 36 years of experience. He has been part of Philips Lighting (Singapore) as President for Growth Markets, Royal Philips Electronics as CEO Global Domestic Appliance and Philips India as Managing Director. Prior to Philips – he has held multiple positions with Akzo Nobel (formerly Imperial Chemical Industries) – both Global and in India.
His current Board and Advisory role includes Huhtamaki India Limited – Chairman, Bharat Forge Limited, ICICI Lombard General Insurance Company Limited, Medplus Health Services Limited, Private Equity advisory – Advent International India and Hamilton Housewares Pvt. Ltd.
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