Shares of Web page Industries, maker of well-liked 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 Govt Director & CEO, the Board has shortened his current time period of Govt Director – Manufacturing and Operation to the closing hours on Could 31,” Web page Industries stated 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 position of CEO and that the corporate will proceed stay in glorious arms. I consider Mr Ganesh has the proper management expertise & qualities to succeed Vedji and likewise drive the Firm’s progress to the subsequent stage,” Sunder Genomal, Managing Director of the corporate stated in a press release.
“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 prime management capacities in Web page and different reputed organizations. Previous to becoming a member of Web page, Mr Ganesh has had each prime & backside line and group improvement duties in his capability as CEO in pretty giant attire MNCs,” Web page Industries stated in an trade submitting.
“l am excited and deeply honoured for having been invited to guide Web page Industries, an organization with wealthy heritage, tradition and constructed on robust values. I look ahead to working intently with the Board, Management Group and the massively gifted workers within the journey of constructing a greater tomorrow for all our stakeholders,” Mr Ganesh stated whereas thanking the board.
As of 12:02 pm, Web page Industries shares traded Four per cent larger at Rs 28,660, outperforming the Sensex which was up 0.Four per cent.