Debt ridden Amtek re-appoints former MD John Flintham as president

Debt ridden Amtek Auto has re-appointed John Flintham, who resigned from the position of vice chairman and managing director on Friday, as president (operations). The company is not likely to have a managing director till the debt problem is resolved and the company is out of the insolvency and bankruptcy code, said a person familiar with the developments.

Sanjiv Bhasin, who resigned as the independent and non-executive director, has been reinstated as president (commercial). The company’s board on Friday discussed ways to resolve debt repayment issues as the components maker faced the likelihood of falling under the Insolvency and Bankruptcy