Mahindra CIE Automotive Limited Announces Resignation of Romesh Kaul as Executive Director and Chief Executive Officer - Forgings, Stampings and Composites Divisions, Effective October 16, 2019
September 27, 2019 at 06:55 am EDT
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Mahindra CIE Automotive Limited announced the retirement of Mr. Romesh Kaul as executive director of the company. Mr. Romesh Kaul, was appointed as Whole-time Director of the company with effect from 17 October, 2018 for a period of one year. That term of appointment of Mr. Romesh Kaul, as Whole-time Director is expiring on close of working hours on 16 October, 2019. Accordingly, he will cease to be Executive Director of the Company from close of working hours 16th October, 2019. Mr. Kaul has agreed to provide continuity from the end of his contract period and shall continue in the employment of the company and retire from services of the company from the date of upcoming Annual General Meeting to be held in 2020. The board of directors of the company placed on record their appreciation for Mr. Kaul's contribution over a decade in nurturing and building various business of the Company and for their success.
CIE Automotive India Limited, formerly Mahindra CIE Automotive Limited, is an India-based multi-technology automotive components supplier with a presence in many technologies, which include forgings, castings, stampings, magnetic products, gears and composites. The Company is focused on the automotive market, including cars, utility vehicles, commercial vehicles and tractors. Its forging business offers crankshafts, stub axles, forged and machined parts, front axle beams and steel pistons, flashless near net forgings and forged steel parts; stamping business offers sheet metal stampings, components and assemblies; castings business offers turbocharger housings, axle and transmission parts; aluminium casting business includes high pressure or gravity die casting specialized in thin wall to thick wall parts, such as complex engine components, brake system parts, aesthetically sensitive parts. It has over 29 manufacturing facilities, including four in Europe and one in Mexico.
Mahindra CIE Automotive Limited Announces Resignation of Romesh Kaul as Executive Director and Chief Executive Officer - Forgings, Stampings and Composites Divisions, Effective October 16, 2019