Whirlpool of India - Outcome of Board Meeting
Whirlpool of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2008, inter alia, has approved the following:
1. The Board has accepted the resignation of Mr. Mark Hu as Director and Chairman of the Board and member of Audit Committee and Remuneration Committee.
2. Mr. Rober Mink has been appointed as new Chairman of the Board and new member of Audit Audit Committee and Remuneration Committee.
3. Mr. Arvind Uppal has been re-appointed as Managing Director of the Company for a period of 3 years w.e.f. February 16, 2008.
4. Salary of Mr. Mahesh Krishna, Whole time Director has been enhanced as recommended by the Remuneration Committee subject to approval of shareholders in ensuing AGM.
5. The Board has authorized Mr. Arvind Uppal, Managing Director & Mr. Mahesh Krishna, Whole time Director to fix the date of AGM and date of closure of register of members, which will be intimated separately.
Tags: Whirlpool of India