Asian Paints appoints KBS Anand as MD, CEO

Asian Paints today said it has appointed KBS Anand as managing director and CEO of the company for three years with effect from April 1.

The company's board, which met today, has appointed KBS Anand-president decorative business Unit, as an additional director and managing director and CEO of the company for a period of three years with effect from April 1, 2012, Asian Paints said in a filing to the Bombay Stock Exchange (BSE).

The term of current MD and CEO PM Murty will expire on March 31, 2012, and consequently, Murty will cease to be a director on the board of the company, it added.

 

Shares of Asian Paints today closed at Rs 3,188.45 on the BSE, up 2.81% from its previous close.