Amit Panday
New Delhi: Rahul Bajaj has resigned from his situation of non-govt director and chairman at Bajaj Auto Ltd, the corporation reported in a statement on Thursday.
He will be replaced by Niraj Bajaj, non-govt director of the corporation, with impact from Could one, 2021.
“Rahul Bajaj, non-govt chairman of the corporation, having been at the helm of the corporation given that 1972 and the Group for 5 decades, thinking of his age, has tendered his resignation as non-govt director and chairman of the corporation with impact from shut of organization several hours on April thirty, 2021,” the corporation reported in a statement.
Past year, Rahul Bajaj experienced stepped down as govt chairman and entire-time director at Bajaj Auto, ending a fifty-year stint in an govt job at India’s 2nd greatest two-wheeler corporation.
The octogenarian, nevertheless, will be the Chairman Emeritus of the corporation for a term of 5 years with impact from Could one, 2021.
“Considering his incredible practical experience and in the desire of the corporation and to keep on to benefit from his practical experience, knowledge and knowledge from time to time in an advisory job and as a mentor, the Board of Administrators at its conference held nowadays and as proposed by Nomination and Remuneration Committee has authorised the appointment of Rahul Bajaj as Chairman Emeritus of the corporation for a term of 5 years with impact from Could one, 2021,” the corporation reported.
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