NEW DELHI: Pune-centered two-wheeler vehicle main Bajaj Car on Wednesday claimed its shareholders have accepted re-appointment of Rajiv Bajaj as MD and CEO.
In a regulatory submitting to BSE, the organization claimed, “Rajiv Bajaj whose five-12 months time period expires on 31 March 2020, has been re-appointed for a additional time period of 5 a long time w.e.f. one April 2020, topic to the acceptance of the Shareholders of the Firm at the ensuing Yearly Standard Meeting.”
It also mentioned that “Rajiv Bajaj is not similar to any of the Administrators of the Firm besides Rahul Bajaj and Sanjiv Bajaj.”
Rajivnayan Rahulkumar Bajaj, born on 21 December 1966, graduated first in course, with difference, in Mechanical Engineering from the University of Pune in 1988, and then completed his masters in Production Programs Engineering, with difference, from the University of Warwick in 1991.
He has considering that labored at Bajaj Car Ltd. (Bajaj Car) in the regions of Production and Supply Chain (1990-95), R+D and Engineering (1995-2000) and Advertising and Sales (2000-2005) and has been its Running Director considering that April 2005.
He has received a range of awards and recognitions. from various prestigious bodies & establishments for his Organization Leadership, Entrepreneurship and Innovation.
Apart from Rajiv Bajaj, the board has also accepted the re-appointment of Gita Piramal as an Unbiased Director of the Firm, whose five-12 months time period as Unbiased Director expires on 31 March 2020.
In addition, beginning from April one 2020, Rahul Bajaj will phase down as the chairman and full-time director ending an more than 50-12 months stint at the helm of India’s largest exporter.