NEW DELHI: Pune-based mostly two-wheeler automobile significant Bajaj Vehicle on Wednesday claimed its shareholders have accredited re-appointment of Rajiv Bajaj as MD and CEO.
In a regulatory submitting to BSE, the firm claimed, “Rajiv Bajaj whose 5-year time period expires on 31 March 2020, has been re-appointed for a further interval of five many years w.e.f. one April 2020, topic to the approval of the Shareholders of the Firm at the ensuing Yearly Typical Assembly.”
It also mentioned that “Rajiv Bajaj is not associated to any of the Administrators of the Firm besides Rahul Bajaj and Sanjiv Bajaj.”
Rajivnayan Rahulkumar Bajaj, born on 21 December 1966, graduated initially in class, with distinction, in Mechanical Engineering from the University of Pune in 1988, and then done his masters in Producing Methods Engineering, with distinction, from the University of Warwick in 1991.
He has considering the fact that labored at Bajaj Vehicle Ltd. (Bajaj Vehicle) in the places of Producing and Provide Chain (1990-95), R+D and Engineering (1995-2000) and Advertising and marketing and Income (2000-2005) and has been its Running Director considering the fact that April 2005.
He has gained a selection of awards and recognitions. from a variety of prestigious bodies & institutions for his Enterprise Management, Entrepreneurship and Innovation.
Aside from Rajiv Bajaj, the board has also accredited the re-appointment of Gita Piramal as an Impartial Director of the Firm, whose 5-year time period as Impartial Director expires on 31 March 2020.
Furthermore, beginning from April one 2020, Rahul Bajaj will stage down as the chairman and complete-time director ending an above fifty-year stint at the helm of India’s greatest exporter.