Harvard Business School alumnus VD Wadhwa has replaced G Kannan as the managing director and CEO of Timex India, the board of directors of the company announced.
A fellow member of the Institute of Company Secretaries of India, Wadhwa has over 25 years of experience in various industries/businesses. He has been associated with the company in various capacities since its inception and largely credited with the re-establishment of the entire distribution and retail base after the split of Timex JV with Tata. Subsequently, he played a major role in the profitable turnaround of Timex India operations through businesses and financial restructuring.
Prior to taking over as the managing director, he was responsible for the business development initiatives and was involved with several global assignments for business restructuring.
On Wadhwa’s appointment, Kapil Kapoor, COO, Timex Group, USA, and vice-chairman of board of directors of Timex India, said, "We are confident that with Wadhwa’s expertise and experience in the watch industry, as well as his long association with the Timex Brand, Timex would continue on its growth trajectory, with its strong multi-brand portfolio and a robust profit model in place."
— IndiaRetailing Bureau