Hari Krishna Agarwal has been appointed as the new MD of Grasim Industries

04 September 2021, Mumbai:

According to a regulatory statement by the business, Aditya Birla Group flagship enterprise Grasim Industries Ltd has selected Hari Krishna Agarwal as its Managing Director with effect from December 1, 2021, after incumbent Dilip Gaur's desire for early retirement.

Gaur's request for an early retirement was accepted by the company's board of directors during its meeting on September 1, 2021.

As a result, "Gaur will cease to be Managing Director and Key Managerial Personnel, as well as a Member of the Board of Directors of the firm, with effect from the close of business hours on November 30, 2021," according to the filing. The board had already authorised Gaur's reappointment as MD for a one-year term beginning April 1, 2021, in February of this year.

Gaur joined the Aditya Birla Group (ABG) in 2004 after working for Hindustan Unilever Ltd for 24 years.

The firm also stated that its board of directors has authorised Agarwal's nomination "as the Managing Director and Key Managerial Personnel" for a two-year term beginning December 1, 2021, and ending November 30, 2023, subject to shareholder approval. Agarwal is a long-serving member of ABG, having worked there for over four decades.

He has held several positions in the cement, chemicals, and pulp and fibre industries throughout this time, according to the filing, before taking on his present post as Business Head, Pulp & Fibre.

He began his career with ABG in 1982 as a Management Trainee at Rajashree Cement, a division of Indian Rayon, as a Chartered Accountant and an Executive MBA from Sasin, Chulalongkorn University, Bangkok.

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