Shriram Pistons appoints Masaaki Yamaguchi on board to fill casual vacancy; stock jumps ~1.5%

6 Apr 2022 , 03:31 PM

Shriram Pistons & Rings Limited informed that on the recommendation of the Nomination & Remuneration Committee, the Board has appointed Shri Masaaki Yamaguchi as Director in casual vacancy caused pursuant to the resignation of Shri Yukio Tanemura and Shri Yasunori Maekawa as Alternate Director to Shri Masaaki Yamaguchi w.e.f. April 6, 2022.

Shri Masaaki Yamaguchi, aged 60 years, holds Bachelor’s Degree in Economics from the University of Tokyo. He has long and varied experience. In addition, he has considerable exposure to international operations and has a proven record in general management.

Shriram Piston’s stock post this development was trading at Rs730 up by Rs8.95 or 1.24% from its previous closing of Rs721.05 on the BSE. It touched day’s high and low of Rs745 and Rs721.05 respectively.