Asia
Mafatlal Industries CEO to Retire; MD Takes Over Additional CEO Role
Mafatlal Industries' (BOM:500264) Chief Executive Officer M.B. Raghunath will retire on May 31, on attaining the age of 60, after over three decades with the company, according to a Tuesday filing on BSE.Shares of the company fell 1% in Wednesday's trade.He will continue to support the company in strategy and project-related work post-retirement, the filing said.The company has appointed Priyavrata H. Mafatlal as chief executive officer, on top of his role as managing director for a three-year term starting June 1, according to the filing.Mafatlal's appointment is subject to shareholder approval, the company said.
BOM:500264
