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Asian Paints

28th-Mar-2020 13:17Source: BSE

Asian Paints - Announcement under Regulation 30 (LODR)-Change in Directorate

This is with reference to our letter no. APL/SEC/20/182 dated 22nd October, 2019 wherein it was, inter alia, informed that Mr. KBS Anand, Managing Director and CEO, will be retiring from the services of the Company w.e.f. 31st March, 2020. It was also informed that Mr. Amit Syngle, Chief Operating Officer, will succeed Mr. KBS Anand as the Managing Director & CEO with effect from 1st April, 2020.

The Board of Directors at their meeting conducted through video conferencing facility, today, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee of the Board of Directors, have approved the appointment of Mr. Amit Syngle (DIN: 07232566), as an Additional Director/Managing Director and CEO (Key Managerial Person) of the Company effective from 1st April, 2020 for a period of three (3) years upto 31st March 2023, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company.

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