Arvind Uppal has more than 31 years of experience in the consumer industry across many countries
The board of Eureka Forbes, in a meeting held on Tuesday, approved the appointment of Arvind Uppal as chairman with immediate effect, the company said a regulatory filing.
"The Board of Directors of the company have on May 25, 2017 by circular resolution taken note of Arvind Uppal's decision to step down from employment of the company with effect from January 1, 2018," Whirlpool of India said in a BSE filing.
Sunil D'Souza joins Whirlpool from PepsiCo, where he was the Head of VIMAPS Business Unit based out of Malaysia, it added. Arvind Uppal, President, Asia Pacific, Whirlpool Corporation, and WIL CMD, will continue as Executive Chairman of the WIL Board of Directors, it stated.
The company had posted a net profit of Rs 35.55 crore during the same period in the previous fiscal. Net sales went up by 17.51 per cent to Rs 748.18 crore during the quarter under review, compared with Rs 636.68 crore in the fourth quarter of the last fiscal, the company said in a filing to the BSE.
The home appliance maker is eyeing to become market leader in 2017. As profitability has improved, Whirlpool is focusing now on volumes and gaining market share in economic segment also by launching various prouducts in categories like semi-automatic washing machine etc, which would drive revenue without compromising on profitability.
Diwali 2014 has been a prosperous one for home appliance maker, and with green shoots reappearing in the Indian economy, the company wants to keep the good times going.