Asian Paints on Thursday announced that the Board of Directors of the Company at their meeting, based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company, have unanimously approved the appointment of Soumitra Bhattacharya as an Additional and Independent Director of the Company for a period of five years with effect from 26th October 2023 to 25th October 2028, the company announced through an exchange filling.
About Soumitra Bhattacharya
Soumitra Bhattacharya has been associated with the Bosch Group for more than 28 years. Over the years he has handled roles as varied as Vice President, Commercial Functions for the Nashik and Jaipur plants of Bosch in India and also served as the General Manager of Robert Bosch GmbH’s Feuerbach Plant, the company’s largest diesel systems manufacturing facility and one of its oldest. From 2005 to 2009 he headed the Commercial Function at Bosch Turkey, which won the EFQM award for the 2nd time in 2008.
He served as the Managing Director of Bosch Limited, and Regional President for the Bosch Group in India and retired on 30th June 2023. His responsibilities included regional contribution to Robert Bosch's strategy and business development activities including cross-selling for the Bosch Group in India. He was also responsible for human resources, government relations, and corporate social responsibility for the region. He is currently the Non-Executive Chairman of Bosch Limited.
He has led as Chair of the CII (Confederation of Indian Industry) National Committee on MNCs from 2020 till 2023 and done stints as Chairman (2013-2014) for the Karnataka State Council for CII in India and as Co-Chair (2017-2019) for Skills Committee-CII at the National Level and as a CII National Council Member, and has been able to further share his passion for business excellence, building agile corporate environments, economics, and finance.
Asian Paints shares
The shares of Asian Paints on Thursday at 11:57 am IST were at Rs 3,016.50, down by 1.45 percent.