Sundaram-Clayton
Limited (SCL), a leading auto component manufacturing and distribution group,
announced that R Gopalan, Non-Executive Independent Director of the Company has
been appointed as Chairman of the Board effective April 01, 2022.
Gopalan
has rich experience in the economic and financial administration of the country
with long stints in the Ministry of Commerce and Finance, and the manufacturing
and service sectors. From April 01, 2022, Venu Srinivasan will continue to be
the Managing Director of the Company designated as Chairman Emeritus.
Commenting
on the appointment, Venu Srinivasan, Chairman, Sundaram-Clayton Ltd, said, “On
behalf of the Board, I’m delighted to welcome Mr. R Gopalan as Chairman of
Sundaram-Clayton Limited effective April 01, 2022. Mr. Gopalan has held critical roles in key
government bodies and boards. His long
history of leadership coupled with vast experience will be helpful to chart a
sustainable growth roadmap for SCL. I am
confident he will provide invaluable guidance to the company going into the
future.”
As
an officer of Indian Administrative Service (IAS),. Gopalan has held various
responsible positions, including Member of Public Enterprises Selection Board
(PESB) under the control of the Prime Minister till April 2016.
Before his retirement, he has served as
Secretary, Department of Economic Affairs, Ministry of Finance, Government of
India till July 03, 2012. He has handled matters related to Capital Markets,
Infrastructure Finance, G-20, World Bank (WB), International Monetary Fund
(IMF) and Asian Development Bank (ADB).
He is also on the board of several other companies and brings a lot of
advisory guidance to the board in its deliberation.