Asian Paints said Amit Syngle, chief operating officer, will succeed KBS Anand as the managing director (MD) & CEO with effect from 1 April 2020.
KBS Anand, MD and CEO, will retire from the services of the company from 31 March 2020. Amit Syngle will hold the position as MD & CEO for a period of three years upto 31 March 2023. The announcement was made on Saturday, 28 March 2020.
The paint maker's consolidated net profit jumped 20.23% to Rs 764.43 crore on a 2.99% increase in net sales to Rs 5,420.28 crore in Q3 December 2019 over Q3 December 2018.
Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services.
Shares of Asian Paints fell 0.25% at Rs 1,602.25. The stock traded in the range of Rs 1,561 to Rs 1,619 so far.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app