Web page Industries Rises Practically 5% After Appointing V S Ganesh As CEO
Shares of Web page Industries, maker of standard innerwear model Jockey, rose as a lot as 4.61 per cent to hit an intraday excessive of Rs 28,831.35 on the BSE a day after the corporate introduced that it has appointed V S Ganesh as govt director & chief govt officer of the corporate for a interval of 5 years efficient June 1, 2021. “Consequent to the elevation of Mr Ganesh to Executive Director & CEO, the Board has shortened his present term of Executive Director – Manufacturing and Operation to the closing hours on May 31,” Web page Industries stated in a inventory change submitting. (Observe Web page Industries share value right here)
“I am delighted to welcome Mr Ganesh, I have no doubt that Mr Ganesh would exceed all our expectations in the role of CEO and that the company will continue remain in excellent hands. I believe Mr Ganesh has the right leadership skills & qualities to succeed Vedji and also drive the Company’s growth to the next level,” Sunder Genomal, Managing Director of the corporate stated in an announcement.
“V S Ganesh, executive director – manufacturing & operations, joined Page on June 9, 2014 as senior vice president – manufacturing and operations. He has 30 years of rich experience and has worked in top leadership capacities in Page and other reputed organizations. Prior to joining Page, Mr Ganesh has had both top & bottom line and organization development responsibilities in his capacity as CEO in fairly large apparel MNCs,” Web page Industries stated in an change submitting.
“l am excited and deeply honoured for having been invited to lead Page Industries, a company with rich heritage, culture and built on strong values. I look forward to working closely with the Board, Leadership Team and the hugely talented employees in the journey of building a better tomorrow for all our stakeholders,” Mr Ganesh stated whereas thanking the board.
As of 12:02 pm, Web page Industries shares traded 4 per cent greater at Rs 28,660, outperforming the Sensex which was up 0.4 per cent.