Mafatlal Industries CEO to Retire; MD Takes Over Additional CEO Role

MT Newswires Live

May 06

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.

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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.</p><p>Shares of the company fell 1% in Wednesday's trade.</p><p>He will continue to support the company in strategy and project-related work post-retirement, the filing said.</p><p>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.</p><p>Mafatlal's appointment is subject to shareholder approval, the company said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MD","symbol_name":"Pediatrix Medical","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2633190242","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633190242","pubTimestamp":1778054454,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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