Mumbai – 27th February 2015
Over the last seven years, Pidilite has inducted several senior professionals to strengthen its management structure and reduce operational responsibilities of promoter family members.
As a continuation of this process, the Board of Directors of Pidilite Industries Limited, at its Board meeting on 27th February 2015 has approved the appointment of Mr. Bharat Puri as Managing Director, effective 10th April 2015
Mr. M B Parekh, Chairman and Managing Director, will step down from position of Managing Director on 10th April 2015 and will become Executive Chairman
Mr. N K Parekh, Jt. Managing Director, will step down as Jt. Managing Director on 1st April 2015 and will become Non-Executive Vice Chairman
Mr. Ajay Parekh, Executive Director, and Mr. Apurva Parekh, Executive Director, will continue to play a significant role in the company and will work with Bharat on key strategic matters and also help oversee & strengthen various business divisions & functions.
Mr. Bharat Puri has been closely associated with the Company since his appointment as an Independent Director of the company in 2008.
Bharat has had a very successful career with leading Indian and Global companies. In his last assignment, Bharat has been President – Global Chocolate, Gum and Candy Categories at Mondelēz International, based in Zurich and with worldwide responsibilities for these categories
He started his career with Asian Paints in 1982 and rose to the position of General Manager – Sales & Marketing. He then moved to Cadbury in 1998 as Director of Sales and Marketing for Cadbury India. In 2002 he was appointed as Managing Director South Asia for Cadbury. After a successful stint in this role, Bharat moved to Singapore in 2006 where he was responsible for Strategy, Marketing and Sales for the Asia Pacific region. Since that time he has held senior leadership positions at the country, region and global level.
Bharat completed his MBA from the Indian Institute of Management, Ahmedabad.
Commenting on his appointment, Mr. Bharat Puri said: “It is indeed an honour to lead Pidilite, an iconic home grown Indian multinational in its next phase of growth. I look forward to working with and learning from the talented and committed team at Pidilite, Shri MB Parekh and the Board.
Mr. M B Parekh, Chairman and Managing Director of Pidilite said:
“I am delighted with appointment of Mr. Bharat Puri as Managing Director. There is a strong familiarity between Bharat and the Company as he has been an Independent Director of the Company since 2008. Bharat has outstanding local and global experience and a great track record. His vision and value system closely matches that of the Company. We are confident that Bharat will build on Pidilite’s strong foundations and steer it to its next phase of growth and development “
About Pidilite
Pidilite Industries Limited is a Rs 4,500 crore manufacturer of industrial & specialty chemicals with leading brands like Fevicol, Fevikwik, Dr. Fixit, M-Seal, etc.