Gautam Thapar stepping down as Ballarpur Industries chairman

摘要

Gautam Thapar is stepping down as chairman of Avantha group flagship company Ballarpur Industries (BILT) effective April 1. B Hariharan, group director - finance and a company veteran, will become the new chairman of the company. The decisions were ratified at a meeting of the board of directors. Hariharan has been reappointed executive director for a period of three years. While the exact reasons are not known, Thapar wanted to step down as chairman due to his other preoccupations. Thapar will continue to be a non-executive director of the company. He has been the chairman of the company since 2006. The current vice-chairman, RR Vederah, will continue in his position following his appointment as an additional independent director with immediate effect. Hariharan has been associated with Ballarpur since 1985 and was appointed a board member and designated group director (finance) in 2001. Hariharan is a member of the Avantha management board, which formulates the strategy of the Avantha group, and is also on the board of various group companies.