MUMBAI: Pidilite Industries has announced a shake-up in its top brass, appointing Sudhanshu Vats as managing director and Kavinder Singh as joint managing director, effective from 10 April 2025. This move comes as Bharat Puri, who's steered the company for a decade, steps down from his managing director role.
The board expressed "deep appreciation and gratitude" for Puri's "valuable contributions.." Puri, who's been at the helm since 10 April 2015, will transition to a non-executive and non-independent director role for a three-year term.
M.B. Parekh, executive chairman of Pidilite, waxed eloquent about Puri's tenure, stating, "Pidilite has made substantial progress and created significant shareholder value during his term." He also welcomed Vats and Singh, saying their appointments "will reflect the next phase of the Pidilite leadership journey."
Meanwhile, in a separate announcement, the company also appointed Durai Babu Sreenivasan as chief business officer (industrial products - IP), effective from 1 April 2025. Sreenivasan, a seasoned sales and marketing veteran with over 31 years of experience in the adhesives sector, joins Pidilite's senior management team. He's had stints at Henkel Adhesives Technologies, Raghavendra Chemicals, and Delta Forge., and holds an MBA in Marketing from Annamalai University.