Gillette India Limited appoints Mr. L V Vaidyanathan as MD

The Board of Directors of Gillette India Limited, at its meeting held today, have appointed Mr. L. V. Vaidyanathan as Managing Director of the Company for a period of five years effective July 1, 2022.

Mr. L. V. Vaidyanathan will take over from Mr. Madhusudan Gopalan, who is going to take on an important leadership role within P&G as Senior Vice President - Grooming & Oral Care, P&G Japan & Korea, and has tendered his resignation as Managing Director of the Company effective June 30, 2022.

Mr. L. V. Vaidyanathan has completed his Bachelor of Engineering (Mech.) from National Institute of Technology, Nagpur and has an MBA from IIM-Ahmedabad. Mr. L. V. Vaidyanathan started his career with P&G in India in 1996 in the Sales function and worked in various leadership roles. He has more than 26 years of experience across diverse geographies and cultures like India and ASEAN countries including Singapore, Philippines, Thailand and Vietnam. He is currently leading the P&G business in Indonesia as CEO where he has been responsible for industry-leading growth and value creation.

Mr. L. V. Vaidyanathan's appointment is subject to allotment of Director Identification Number by the Ministry of Corporate Affairs, approval of the Shareholders of the Company and approval of Central Government.

Shares of Gillette India Limited was last trading in BSE at Rs. 5100.10 as compared to the previous close of Rs. 5184.30. The total number of shares traded during the day was 511 in over 237 trades.

The stock hit an intraday high of Rs. 5199.95 and intraday low of 5090.05. The net turnover during the day was Rs. 2624756.00.

Source : Equity Bulls

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GilletteIndia INE322A01010 MD Appointment