|
M A Alagappan to Hand Over the Murugappa
Group Baton to A Vellayan
Chennai, August 8, 2009:
M A Alagappan, the Executive Chairman of the Murugappa Group announced
today that he would be relinquishing his office by the end of October,
2009. He will be handing over the Chairmanship to A Vellayan, currently
the Vice Chairman and Director-Strategy of the Murugappa Corporate
Board (MCB).
M M Murugappan, currently Director on the Board will succeed A.
Vellayan as the Vice Chairman. N. Srinivasan, Director-Finance and
Sridhar Ganesh, Director-Human Resources will continue to head their
respective functions in the Corporate Board. Deepak Satwalekar,
Venkatraman Thyagarajan and Sridar Iyengar continue as independent
directors of the Board.
M A Alagappan has lead many of the major businesses of the Murugappa
Group. He was the driving force behind the Group’s entry and
growth in the financial services businesses. Alagappan has been
involved with several industry bodies such as FICCI and SICCI and
is also the Honorary Consul of Hungary.
A Vellayan, who has pioneered many innovative business solutions
for the Murugappa Group, brings with him vast experience in managing
diverse businesses. He holds a Diploma in Industrial Administration
from the University of Aston, UK and a Master’s Degree in Business
Studies from the Warwick Business School, U.K. He is the Chairman
of EID Parry (India) Ltd., and Coromandel Fertilisers Ltd (CFL).
M M Murugappan has significant experience in spearheading the Engineering
and Technology based businesses of the Group. He has lead these
businesses to newer geographies and to newer heights of success.
He also brings with him rich experience in leading the IT function
across the Group. He holds a Master of Science Degree in Chemical
Engineering from the University of Michigan, USA and is a member
of the American and Indian Institutes of Chemical Engineers, the
Indian Ceramic Society and the Plastics and Rubber Institute. He
is the Chairman of Tube Investments of India Ltd., Carborandum Universal
Ltd., Wendt India Ltd. and Murugappa Morgan Thermal Ceramics Ltd.
About the Murugappa Group
Headquartered in Chennai, the Rs. 15,646 crores
(USD 3 billion) Murugappa Group is one of India's leading business
conglomerates. Market leaders in diverse areas of business including
Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar,
Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals,
its 29 companies have manufacturing facilities spread across 13
states in India. The organization fosters an environment of professionalism
and has a workforce of over 32,000 employees. The Group has forged
strong joint venture alliances with leading international companies
like DBS Bank, Mitsui Sumitomo, Cargill, Foskor and Groupe Chimique
Tunisien has consolidated its status as one of the fastest growing
diversified business houses in India.
For further information, please
contact:
Chandrika
Raman
Asst. General Manager
Group Corporate Communications- Murugappa Group
Tel: 2530 6535/ 98400 71172
chandrikaR@corp.murugappa.com
Hanmer MS&L
Senthamil/ Neha / Ritu Bagri
Hanmer MS&L Communications Pvt Ltd.
Mobile: 99404 99456/ 9840246513 / 9884173290
senthamil@hanmermsl.com,
nehadamani@hanmermsl.com
ritu@hanmermsl.com
top
|
