your password has been reset successfully, Please login again.

Rahul Bajaj Will Stand Down From Chairman And Non-Executive Director Post

The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj will stand down the current position from May 16.
BY BEx Bureau
BusinessEx
Mar 13, 2019

Rahul Bajaj who has been serving to Bajaj Finserv since its inception will be stepping down from the post of Chairman and Non-Executive Director. The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj will stand down the current position from May 16, as reported by the Indian daily news, The Economic Times.

Even though Rahul Bajaj will stand down, he will remain serving the company as Chairman Emeritus. to replace Rahul Bajaj, the board has chosen Nanoo Pamnani, Vice-Chairman at Bajaj Finserv, as the new Chairman of the company.

Since the commencement of Bajaj Finserv, Rahul Bajaj has been serving the non-banking financial organization. On February 16, Bajaj handed over the resignation which will be effective at the cessation of the board meeting that is, May 16.

"Considering his tremendous experience and in the interest of the company to avail of his services, valuable knowledge and wisdom from time to time in an advisory and mentoring role, the Board has appointed Rahul Bajaj as Chairman Emeritus with effect from the conclusion of the Board meeting on 16 May 2019," said Bajaj Finserv, in regulatory filings, as reported by the Indian daily news, The Economic Times.

More so, the organization has designated Gita Piramal, Nanoo Pamnani and D J Balaji Rao as independent directors.

Please add your Comment
SIMILAR News
March 20, 2019
The South Korean automotive companies, Hyundai Motors and Kia Motors on Tuesday proclaimed that they ...More
By Jaspreet Kaur
March 20, 2019
On Wednesday’s morning, the shares of the IT sector are trading in the positive spectrum. ...More
By Jaspreet Kaur
March 16, 2019
The smartphone maker, Xiaomi has taken this decision in order to surge the sales ...More
By Jaspreet Kaur
March 16, 2019
Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter ha ...More
By Jaspreet Kaur
March 14, 2019
The investing groups along with Softbank Corp and Toyota Motor Corp are deciding on to endow money u ...More
By Jaspreet Kaur
March 14, 2019
The present deal has ruled out adversaries of OYO that are, Treebo Hotels-financed by SAIF Partners ...More
By Jaspreet Kaur
March 13, 2019
With this move, the conglomerate company has incremented 5-10 points in respect of cost that the com ...More
By Jaspreet Kaur
March 12, 2019
JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contr ...More
By Jaspreet Kaur
March 12, 2019
By launching daycare facility, BOB has become the first bank amid public sector banks to offer this ...More
By Jaspreet Kaur
March 11, 2019
By joining the PSB platform, the private bank, Kotak Mahindra Bank will be rendering loans to MSME e ...More
By Jaspreet Kaur
March 11, 2019
The tech giant is dire in adapting anti-snooping policy that will, in turn, safeguard iPhone users’ ...More
By Jaspreet Kaur
March 08, 2019
Suven Life said that the company would be procuring assets through its partnered company, Shore Suve ...More
By Jaspreet Kaur