Bata India informed the Exchange that Vidhya Srinivasan Director – Finance and CFO has resigned effective November 12, 2022.
In the interim, the company has appointed Shaibal Sinha, Non-Executive Non-Independent Director of the Company, to oversee the Finance & Accounts functions of the Company. Sinha is a qualified Chartered Accountant and an alumnus of International Institute of Management Development (IMD), Lausanne, Switzerland and has more than 34 years of post-qualification experience in different positions in Finance, across the globe.
He joined Bata India Limited in November 2004 as Executive Director – Finance and then moved to Singapore in 2011 to another Bata group company as the Chief Financial Officer of Bata Emerging Markets. He then took over as Regional Finance Director – Asia Pacific, India and Africa in October 2019.
In addition, Kanchan Chehal, who is proposed to take up a Global role with Bata Group, has relinquished her position as Whole-time Director in Bata India Limited. Ms. Kanchan Chehal would continue to serve the Board at Bata India Limited as a Non-Executive Director. Accordingly, effective October 1, 2022, she has been designated as “Non-Executive (Non-Independent) Director”.
Source: BSE