Navi Mumbai turning Textile Waste into Opportunity for People (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') TRAI releases Paper on 'Formulation of Regulatory Framework for ALTD Services (See 'Corp Brief') IPR - Minor alteration to well-established trademark, such as changing single letter, does not render new mark dissimilar, especially when it remains phonetically and visually close to original: HC (See 'Legal Desk') GeM achieves Rs 18.4 Lakh Crore GMV, Emerges as Key Digital Public Procurement Platform (See 'Corp Brief') Benami Act - Burden of proof of benami transaction rests strictly upon person asserting it, and reliance solely on uncorroborated statements of third parties recorded in unrelated Income Tax proceedings, is insufficient: SAFEMA (See 'Legal Desk') Union Minister to inaugurate NCVET Capacity Building (See 'Corp Brief') FEMA - Continuing adjudication u/s 16 of FEMA despite competent authority's refusal to confirm seizure u/s 37A of FEMA, is contrary to law: SC (See 'Legal Desk') Minister calls for stronger research-industry linkages to scale food innovation sector (See 'Corp Brief') A&C Act - Doctrine of 'transnational issue estoppel' applies to enforcement proceedings u/s 48 of Arbitration Act, barring enforcement court from undertaking merits-based review: SC (See 'Legal Desk') MoS backs scaling up indigenous Insulin production amid global supply concerns (See 'Corp Brief') A&C - Mere existence of document, despite it containing arbitration clause, would not qualify as arbitration agreement, unless it is signed by parties seeking to invoke clause as also party against whom enforcement is sought: HC (See 'Legal Desk') New Sainik School reflects Centre's Vision for Nation-Building through Education (See 'Corp Brief') A&C - Agreement to sell being unregistered and unstamped as per Registration Act, Transfer of Property Act, and Indian Stamps Act, cannot be enforced: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Birla Corporation names Arvind Pathak as CEO

Published: Mar 01, 2021

By TIOLCORPLAWS News Service

NEW DELHI, MAR 01, 2021: BIRLA Corporation on Monday announced that Mr Arvind Pathak will take over as Managing Director and Chief Executive Officer (CEO) of the company, effective from March 31, for a span of three years.

Mr Pathak will take over from current CEO Mr Pracheta Majumdar who is being re-designated as Chief Management Adviser of the company.

In a regulatory filing, Birla Corporation said their Board of Directors met on March 1 and approved the appointment based on the recommendation of the Nomination and Remuneration Committee.

Mr Pathak as around 38 years of overall experience of which 36 years has been in the cement industry. He has held CEO or equivalent positions for over 14 years in various large organisations which include ACC, DCP, Adani and Reliance ADAG group.

"Skilled in manufacturing, operations management, strategic planning, project development and execution, driving cost reduction and negotiations, Mr Pathak has a strong track record of successful planning and execution of long-term business plans," said the company.

The final appointment is subject to approval of the shareholders at the next general meeting of the company.

TIOL CORP SEARCH

TIOL GROUP WEBSITES