At meeting held on 26 December 2014
Vesuvius India announced that at the Board Meeting held on 26 December 2014, the resignation of Tanmay Ganguly, Managing Director, to take effect from close of office hours on 31 December 2014 has been accepted by the Board of Directors of the Company. Accordingly, Ganguly will not be a Director and Managing Director of the Company effective from 01 January 2015.At the same Board meeting, on the recommendation of the Nomination and Remuneration Committee, Subrata Roy, presently the Chief Executive-Operations of the Company, has been appointed Managing Director of the Company for a period of five years effective from 01 January 2015, subject to the approval of the Members of the Company to be obtained at the next General Meeting of the Members of the Company.
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