New Delhi: TVS Motor Firm (TVSM), a number one world automaker that operates within the two and three-wheeler segments, Wednesday appointed to its board the Chennai-based Sanmar Group Chairman Vijay Sankar, and Chairman of Shailesh Haribhakti & Associates, Shailesh Haribhakti, as impartial administrators topic to approval of the shareholders.
Kuok Meng Xiong, Unbiased Director of the Firm, will step down as impartial director efficient shut of enterprise hours of the following Annual Basic Assembly 2024, owing to his elevated enterprise commitments and private causes. “His insights over his three-year stint have been invaluable and instrumental in serving to script the TVSM development story,” the corporate stated in a media launch.
The appointment of the 2 new impartial administrators will add beneficial expertise to the board and lift the corporate’s already rigorous company governance commonplace, the discharge stated.
Sir Ralf Speth, Chairman, TVS Motor Firm, stated, “I warmly welcome Mr. Sankar, and Mr. Haribhakti to the TVS Board of Administrators. I’m assured that our two new impartial administrators have the credentials to information TVS Motor to new heights. Their perception and expertise will show invaluable as we script a brand new chapter of success for TVS Motor. I’d additionally prefer to take this chance to thank Mr. Kuok Meng Xiong for all his invaluable work. Our Board and group have really benefited from his presence.”
Sudarshan Venu, Managing Director, TVS Motor Firm, stated, “Mr. Sankar and Mr. Haribhakti are stalwarts of their respective fields and convey immense expertise and experience with them. The TVS Motor Board shall be drastically enriched by their becoming a member of and the Firm will profit from their steerage within the subsequent section of our development. I’d additionally prefer to thank Mr. Kuok Meng Xiong for all his contributions to the Board over the past three years.”
Sankar, whose appointment turns into efficient on March 20, 2024, holds a number of impartial directorships and trustee positions, together with at Oriental Motels Ltd and the Transport Company of India. He’s additionally the Honorary Consul Basic of Denmark in Chennai.
Haribhakti, who joins the board on April 1, 2024, is a licensed inner auditor, monetary planner and fraud examiner with over 5 many years of expertise.
He holds impartial directorships with firms like Blue Star Ltd, Bajaj Electrical Ltd, L&T Finance Holdings Ltd, and many others. A champion of sustainability, he has been credited with establishing the idea of ‘Innovate to Zero’, the discharge added.
