Orient Electrical Ltd on Friday introduced the appointment of Rajan Gupta as its Managing Director and CEO for a interval of 5 years efficient from 4 April,2023.
The corporate at its assembly held on Friday appointed Rajan Gupta as further director and the managing director & chief government officer of the corporate.
“Appointed Mr. Rajan Gupta as Extra Director and the Managing Director & Chief Government Officer of the Firm for a interval of 05 years efficient from April 04, 2023, on the advice of the Nomination and Remuneration Committee, topic to the approval of the shareholders of the Firm,” mentioned Orient Electrics in its regulatory submitting.
The corporate additionally knowledgeable that Rakesh Khanna has resigned from the place as MD & CEO, efficient from 3 April,2023.
“Took on file the resignation of Mr. Rakesh Khanna (DIN: 00266132) as Director and from the place of Managing Director & Chief Government Officer of the Firm, to be efficient from the shut of enterprise hours on April 03, 2023.” the submitting added.
Rajan Gupta joins OEL board as a full-time director and he will likely be based mostly in New Delhi.
He was earlier related to Hathway Cable and Datacom, the place he was the MD and CEO, and Chairman of the Board, GTPL Hathway.
“We’re deeply dedicated to creating Orient Electrical an trade chief in followers, lighting, home equipment and switchgear as we strengthen our place to satisfy the altering calls for of the market. Gupta’s in depth expertise in scaling up companies, model consolidation, and powerful buyer engagement aligns properly with our progress ambitions,” mentioned OEL Chairman C Okay Birla.
He additionally thanked the outgoing MD & CEO Khanna for his management and his contribution in bringing Orient Electrical to its present market management.
Earlier than his final position at Hathway Cable and Datacom, Gupta additionally labored with firms like Tata Telecom, Hindustan Coca Cola and Asian Paints.
The corporate’s scrip ended 0.037 per cent up at ₹270.55 on BSE.
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Supply: Live Mint