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Board of Nestle India appoints Managing Director

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Capital Market

At meeitng held on 29 July 2015

Nestle India announced that the Board of Directors of the Company at its meeting held on 29 July 2015, inter alia, has transacted the following:

- Appointment of Suresh Narayanan as the Managing Director w.e.f. 01 August 2015

The Board of Directors at their meeting held on 29 July 2015 based on the recommendation of the Nomination and Remuneration Committee, appointed Suresh Narayanan as Managing Director of the Company effective from 01 August 2015, subject to approvals.

- Seek consent of Members by means of Postal Ballot on the proposal of the Appointment of Suresh Narayanan as Managing Director

 

The Board of Directors decided to seek consent of Members of the Company for the proposal of appointment of Suresh Narayanan as the Managing Director for a period of five years effective from 01 August 2015, by means of Postal Ballot. The calendar of events for the postal ballot process shall be sent in due course. The Board of Directors has also appointed Abhinav Khosla, Chartered Accountant, to act as the scrutinizer for conducting the postal ballot process in a fair and transparent manner.

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First Published: Jul 29 2015 | 8:14 PM IST

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