Shares of Web page Industries, maker of widespread innerwear model Jockey, rose as a lot as 4.61 per cent to hit an intraday excessive of Rs 28,831.35 on the BSE a day after the corporate introduced that it has appointed V S Ganesh as govt director & chief govt officer of the corporate for a interval of 5 years efficient June 1, 2021. “Consequent to the elevation of Mr Ganesh to Government Director & CEO, the Board has shortened his current time period of Government Director – Manufacturing and Operation to the closing hours on Might 31,” Web page Industries mentioned in a inventory trade submitting. (Monitor Web page Industries share worth right here)
“I’m delighted to welcome Mr Ganesh, I’ve little question that Mr Ganesh would exceed all our expectations within the function of CEO and that the corporate will proceed stay in wonderful fingers. I consider Mr Ganesh has the proper management expertise & qualities to succeed Vedji and in addition drive the Firm’s development to the subsequent stage,” Sunder Genomal, Managing Director of the corporate mentioned in an announcement.
“V S Ganesh, govt director – manufacturing & operations, joined Web page on June 9, 2014 as senior vp – manufacturing and operations. He has 30 years of wealthy expertise and has labored in high management capacities in Web page and different reputed organizations. Previous to becoming a member of Web page, Mr Ganesh has had each high & backside line and group improvement duties in his capability as CEO in pretty giant attire MNCs,” Web page Industries mentioned in an trade submitting.
“l am excited and deeply honoured for having been invited to steer Web page Industries, an organization with wealthy heritage, tradition and constructed on sturdy values. I sit up for working carefully with the Board, Management Workforce and the massively gifted staff within the journey of constructing a greater tomorrow for all our stakeholders,” Mr Ganesh mentioned whereas thanking the board.
As of 12:02 pm, Web page Industries shares traded 4 per cent increased at Rs 28,660, outperforming the Sensex which was up 0.4 per cent.