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Who is appointed as Managing Director and Chief Executive Officer (CEO) of Bajaj Electricals?
A)
Anuj Poddar
B)
Kim Ki-Wan
C)
NP Singh
D)
Daniel Mazon

Correct Answer : Option (A) - Anuj Poddar


Bajaj Electricals on Tuesday(16th August 2022) elevated its Executive Director "Anuj Poddar" to Managing Director and Chief Executive Officer (CEO).
 
The company has separated the post of Chairman & Managing Director and its patron Shekhar Bajaj will continue as Executive Chairman of the company, said a statement from Bajaj Electricals.
 
"The separation of the Chairman and Managing Director positions is in continuation of the professionalisation of the management of the company and marks the company's commitment to strong corporate governance standards," said Bajaj Electricals.
 
This announcement comes on the back of the ongoing transformation journey and keeping in mind the company's long-term strategy, it added.
 
"Over the last three years, Bajaj Electricals has undertaken multiple initiatives, including strengthening of the leadership, streamlining of its corporate structure, the turnaround of its performance and balance sheet and the planned demerger of the EPC business," it said.
 
Bajaj Electricals Chairman Shekhar Bajaj said over the last few years a significant transformation journey has been embarked at Bajaj Electricals involving many changes on the business as well as the organisational front.
 
Bajaj Electricals, part of business conglomerate Bajaj Group, had a turnover of Rs 4,813 crore in FY22. Its business portfolio spans consumer products such as appliances, fans, lighting and EPC (illumination, power transmission and power distribution)..

Source : Business Standard

Published On : August 19, 2022
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