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Indian Economy - Understanding the basics of Indian economic system

04-Sep-21

Grasim Industries appoints Hari Krishna Agarwal as MD

The board of directors of the company at its meeting held on September 1, 2021 had accepted the request of Dilip Gaur, the incumbent MD for an early retirement
Aditya Birla Group flagship firm Grasim Industries Ltd has appointed Hari Krishna Agarwal as its Managing Director with effect from December 1, 2021, following request for early retirement by incumbent Dilip Gaur, according to a regulatory filing by the company.
The board of directors of the company at its meeting held on September 1, 2021 had accepted the request of Mr. Gaur for an early retirement.
Accordingly, "Mr. Gaur will cease to be Managing Director and Key Managerial Personnel as well as Member of the Board of Directors of the company with effect from the close of business hours of November 30, 2021," the filing added.
Earlier in February this year, the board had approved the reappointment of Mr. Gaur as MD for a period of one year with effect from April 1, 2021.
Mr. Gaur had joined the Aditya Birla Group (ABG) in 2004 after spending 24 years at Hindustan Unilever Ltd.
The company further said its board has approved appointment of Mr. Agarwal, "as the Managing Director and Key Managerial Personnel" for a period of two years with effect from December 1, 2021 to November 30, 2023 subject to approval of shareholders.
Mr. Agarwal is a veteran of ABG, having been part of it for close to four decades. During this period, he has held different roles in cement, chemicals and pulp and fibre businesses before taking on his current role as Business Head, Pulp & Fibre, the filing said.

By: Neeraj Chauhan

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