3M India Ltd’s board of directors has approved the appointment of Amit Laroya as Director and Managing Director of the company.
In a release to exchanges, the company said that Laroya’s appointment is with effect from October 1, 2013 for a period of five years subject to the approval of the shareholders at the general meeting to be held next year and further subject to the approval of the Central Government.
The company has accepted the resignation of Ajay Nanavati as Director and Managing Director of the company with effect from October 1, 2013 upon his assuming responsibility within 3M Group outside of India.
anil.u@thehindu.co.in