|End-of-day quote - 04/12|
Schneider Electric Infrastructure Limited Announces Executive Changes04/16/2021 | 09:44am
Schneider Electric Infrastructure Limited announced that the Board of Directors of the Company in their meeting held on April 16, 2021, has appointed Mr. Sanjay Sudhakaran (DIN:00212610) as an Additional Director, Managing Director (MD) & Chief Executive Officer (CEO), for a consecutive period of 5 years, effective May 1, 2021, subject to the approval of Shareholders of the Company. The Board took note and approved the resignation of Mr. Bruno Bernard Dercle, who is currently MD & CEO of the Company and who would be stepping down from his position, effective April 30, 2021. Further, the Board has noted that Mr. Piyush Pandey (DIN: 08451135) will be relieved from the position of Whole-time Director of the Company effective from close of business hours on April 30, 2021. On the recommendation of Nomination & Remuneration Committee, the Board has appointed Mr. Amol Phatak (DIN: 0009149703) as an Additional Director of the Company, effective May 1, 2021, subject to the approval of Shareholders of the Company.
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