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Sharmila Sahai steps down from Timex Group; stock down slightly

16 Mar 2022 , 01:09 PM

Timex Group India Ltd.’s board has approved the changes in its board and consequently, approved the resignation of Ms. Sharmila Sahai from the position of Managing Director as well as Director in the company.

Sharmila has cited personal reasons for her resignation from the company. Her resignation will be effective from March 27, 2022. However, she will continue to work with the company till June 30, 2022, for smooth transitioning of the work.

The company has appointed Deepak Chhabra as an Additional Director till the next general meeting of the Company and Managing Director of the Company for a period of 3 years, effective from March 28, 2022.

Deepak has over two decades of rich experience in leadership and other roles in the field of Brand Management, Retail, P&L Management, Strategic Business Planning, Sales, and Merchandising.

Deepak has previously been associated with brands like Crocs, Tupperware, and Phoenix International Limited.

Timex Group India’s counter was trading at Rs65.80, up by Rs0.65 or 1% against its previous closing price of Rs65.15 on NSE. It touched an intraday high and low of Rs67.40 and Rs64.90 respectively.

Related Tags

  • appointment
  • BoardChanges
  • MD
  • resignation
  • Timex Group India
  • Timex Group News
  • Timex Group Updates
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