People Movement

Rajesh Vaishnav quits Vintage Cards
January 02, 2009
In a latest development, Rajesh Vaishnav has resigned as the managing director of the company. The development came into effect from December 31, 2008, said the company in a filing to Bombay stock Exchange.

However, the Pune –based company further said that the board of directors has decided to take up this matter at the ensuing board meeting.

HyperCITY CEO Levermore quits
December 23, 2008
HyperCITY chief executive Andrew Levermore, after four years in the position, has quit. As CEO, Andrew Levermore was responsible for the entire gamut of operations at HyperCity.

According to the company statement issued in August this year, Levermore, along with his family, will be returning back to South Africa at the end of December 2008 for domestic reasons. However, Levermore will remain on the board of HyperCity as a non-executive director.

Meanwhile, Levermore is understood to be joining Woolworth, South Africa, sources said.

With 23 years of experience in luxury and value retail, Levermore was in executive buying and merchandising management with Macro, South Africa, prior to joining K Raheja Corp.

Moser Baer gets new CEO
December 23, 2008
Moser Baer, a leading technology company, has appointed Rajiv Arya as the new CEO for its solar photovoltaic business, a company press release said.

Until now Arya was leading the Moser Baer Photovoltaic (MBPV), a wholly owned subsidiary of Moser Baer, as a chief operating officer.

On his appointment as CEO, Rajiv Arya, said: "To lead the Moser Baer's PV business is both a priviledge and great opportunity and I thank the management for reposing their faith in me. My focus will be on making Moser Baer one of the top five PV companies globally."

Kumar Jayant resigns Titan board
December 12, 2008
Kumar Jayant, nominee director of Tamil Nadu Industrial Development Corporation (TIDCO), has resigned as an additional director from the board of Titan Industries, a joint venture between Tata group and TIDCO, the company said in a filing to the Bombay Stock Exchange.

TIDCO is a governmental agency in Tamil Nadu, responsible for the development of industries by formulating policies that help industry growth, and also by establishing industrial estates.

Titan Industries is a manufacturing company that produces wide range of personal accessories – watches, jewellery, sunglasses and prescription eye wear.

VF Corp elects Karl Heinz Salzburger as corporate VP
December 10, 2008
VF Corporation, North Carolina-based global lifestyle apparel major, has elected Karl Heinz Salzburger as a corporate vice president effective from January 4, 2009. Further, Salzburger has also been promoted to president of VF International and named a member of VF’s operating committee, said a company press release.

As part of his new office, Salzburger will continue to be responsible for driving the growth of VF’s brands throughout Europe, the Middle East, Africa and the Asia-Pacific region and will report to Eric Wiseman, chairman and CEO of the company.

Currently, VF Corporation offers a diverse portfolio of jeanswear, outdoor, imagewear, sportswear and contemporary apparel brands including Wrangler, Lee, Riders, Vans, Reef, Eagle Creek, JanSport, Nautica and Red Kap.

Parmalat SpA appoints Antonio Vanoli as new COO
December 6, 2008
Parmalat SpA, one of Italy’s food major, has appointed industry veteran Antonio Vanoli as c0-hief operating officer. He has been appointed after Carlo Prevedini resigned from the post.

Vanoli, 62, will start the job immediately, a spokeswoman for Collecchio, Italy-based Parmalat said today. Vanoli stepped down last month as chief executive officer of Ferrero SpA, the closely held maker of Tic Tac breath mints and Nutella chocolate-and- hazelnut spread, after 14 years at the company.

On the appoinment, Luca Bacoccoli, an analyst at Intesa Sanpaolo SpA in Milan with an 'add' rating on Parmalat, said, “It is a strong sign of change. The decision to bring in someone with significant experience in the industry who can deliver results in this market is very important for the stock."

Bombay Dyeing: Change in directorate
December 5, 2008
In a latest filing to Bombay Stock Exchange, Bombay Dyeing & Manufacturing Company has informed that SK Gupta has ceased to be a member of the board and thereby the director of the company.

Gupta’s movement comes to effect from December 4, 2008.

A part of the Wadia Group, Bombay Dyeing is India's leading producer and retailer of textile. It operates mainly through company-owned showrooms across India apart from franchise stores.

Dabur’s retail arm loses its CEO
December 2, 2008
Peter Baker, CEO, Health & Beauty (H&B) stores, retail venture of FMCG major Dabur India , has quit the company. Baker had joined Dabur from Lee Cooper group over a year ago where he served as group head.

According to company sources, in the absence of a CEO, H&B Stores’ management committee will manage the day-to-day operations of Dabur's retail venture. While the sources denied to comment on the appointment of a new CEO, the company spokesperson remained unavailable to comment on the development.

S K Bhatt resigns; V Srinivasan is appointed Godrej's new
company secretary
December 2, 2008
S K Bhatt, executive vice president (corporate services) and company secretary, Godrej Industries, has resigned from his post. V Srinivasan, executive vice president — finance & estate — Godrej Industries, has been appointed the new company secretary of the company with effect from December 01, 2008. The announcement came through a company filing to the Bombay Stock Exchange.

Godrej Industries, under the group umbrella, involves in a wide range of businesses — from locks and safes to typewriters and word processors, from refrigerators and furniture to machine tools and process equipment, from engineering workstations to cosmetics and detergents, from edible oils and chemicals to agro products.

Carrefour appoints Lars Olofsson as CEO
November 25, 2008
French international hypermarket chain, Carrefour has enticed Swiss Nestle’s executive vice president Lars Olofsson to lead Carrefour as CEO replacing José Luis Durán from January 1, said the group. On this development, Amaury de Seze, Carrefour chairman said, "Lars Olofsson has exceptional experience in consumer markets, built over more than 30 years, both in France and internationally, within the number one global food industry group."

Mike Duke to be Wal-Mart’s next CEO
November 24, 2008
Wal-Mart Stores Inc, the world's largest retailer, has said that its CEO Lee Scott will retire next February. Scott will be succeeded by Mike Duke, who heads its company’s international operations.

Scott, 59, has served as CEO for more than eight years. Scott became president and CEO of Wal-Mart's US division in 1998 and president and CEO for the corporation in 2000. Scott will continue serving as chairman of the executive committee of the board.

Former COO, Style Spa - Birla Group, joins Ebony Gautier
November 21, 2008
Ebony Homes– the specialty retail venture of the USD 3 billion DS Corp, has announced the appointment of KA Parameswaran as the CEO of Ebony Gautier. Parameswaran, former COO of Style Spa Furniture Limited - a KK Birla group company, has been specifically mandated to drive the home adornment retail business of Ebony Gautier.

In his new role as the CEO of Ebony Gautier, Parameswaran will spearhead the company’s long term and development strategy which would include undertaking expansion of Ebony Gautier specialty retail stores across the country over the next two years.

Tesco HSC appoints Sandeep Dhar as CEO
Tesco Hindustan Service Centre (HSC), the global services arm of the global retailer Tesco, has appointed Sandeep Dhar as its new CEO. Prior to this, Dhar, served as the managing director of the India operations for technology consulting company, Sapient Technologies. Dhar replaced Meena Ganesh at Tesco HSC, who quit to start her own venture.

Avery India appoints new chairman
Avery India, a leading electronic scale manufacturer and supplier of weighing machines and weighing automation, has named Andrew Caffyn as the new chairman of the company in place of Carl Cramer. The company made the announcement today in its filing to the Bombay Stock Exchange (BSE).

Further, the company also announced about the resignation of Rajiv K Luthra as a director on the board of the company.

Titan appoints Parthasarathy as additional director
Titan Industries, India's leading manufacturer of timewear and jewellery, has appointed V Parthasarathy as an additional director in the board of the company. The annoncement came as a company filing to the Bombay Stock Exchange.Parthasarathy is senior general manager - finance at Tamilnadu Industrial Development Corporation Ltd (TIDCO).

Further, the company said that S Susai, nominee director, TIDCO has resigned as director of Titan Industries.