Tractor maker Escorts Ltd today said it has appointed Nikhil Nanda as Managing Director of the company.
The board appointed Nanda, currently the Joint Managing Director, as MD of the company, Escorts said in a statement.
“The Board of Directors unanimously believed that it was time for Nikhil to shoulder larger responsibilities given the ambitious targets that the company has set,” Escorts Chairman Rajan Nanda said.
Nikhil has worked through extremely challenging periods and handled the mandate of the board with maturity and vision to deliver sound results in a rapidly changing economic environment, he added.
“I look towards the Chairman, the Board of Escorts, our shareholders and investors, our partners, the Escorts management team and the strong, motivated workforce to help shape new dreams and start new movements,” Nikhil Nanda said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.