Monsanto announces resignation of CFO & Director

Abdul Alim Sayed and Director C Ravishankar resign in a collective decision taken by the Board of Directors

Agri-biotechnology major Monsanto India today announced its resignations of its Chief Financial Officer, Abdul Alim Sayed and Director C Ravishankar.

A decision in this regard was taken at the meeting of the Board of Directors of the company held in Mumbai Tuesday.

"The Board of Directors of the company at its meeting has taken the following decisions: Resignation of Abdul Alim Sayed, Chief Financial Officer (CFO) with effect from March 31, 2016," Monsanto India said in a regulatory filing.

C Ravishankar has also resigned as Director of the company with effect from March 22, it said.

The company said it has appointed Piyush Nagar as Additional Director of the company from March 23.

Monsanto India is a subsidiary of US-based Monsanto, engaged in selling agri-inputs.