As part of the process of organisational development and succession planning, Blue Star Limited has announced a number of forthcoming top management organisational changes:
Mr. Ashok M. Advani will be redesignated Executive Chairman
Mr. Suneel M. Advani will continue as Vice Chairman and Managing Director
Mr. Satish Jamdar, Deputy Managing Director, will be promoted as Managing Director
Mr. T.G.S. Babu will continue as Deputy Managing Director
Mr. Avinash Pandit will continue as President, Electro Mechanical Projects Group
Mr. B. Thiagarajan will be promoted as President, Channel Business Group
Mr. Vir Advani will be promoted as President, Corporate Affairs and Special Projects
These changes will come into effect from July 1, 2009.
Mr. Ashok Advani explains the purpose of these changes, "My brother, Suneel and I have been grooming a younger team of capable professionals over the last couple of years, and have been progressively moving out of day to day operations, so that we can devote ourselves to broader issues such as planning and guiding the future of the Company, organisational development, allocation of resources and monitoring of business performance.
Blue Star has recently announced good financial results for 2008-09 and the Company is in robust condition to get through the business slowdown. We have great confidence in Satish Jamdar and the new top management team. Suneel and I remain very much involved in Blue Star, and will work with them to maintain the Company's excellent track record".
For additional information, please contact: B Thiagarajan, Executive Vice President, Blue Star Limited, Bandbox House, 254D, Dr Annie Besant Road, Worli, Mumbai - 400 030 email: email@example.com Telephone: 66544000.