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Eveready names Suvamoy Saha as MD for three years, Burmans hail decision

Move follows Amritanshu Khaitan's resignation; Saha has been around for long. Prior to being made Jt MD in August, he was a whole-time director of the firm

Khaitans step down from Eveready board after Burman Group open offer
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In January, Eveready had roped in consultancy firm Bain & Company to help it identify profitable business strategy and execution of the same

Ishita Ayan Dutt Kolkata
Close on the heels of the resignation of Amritanshu Khaitan as managing director of the country’s largest dry cell battery maker, Eveready Industries India, Suvamoy Saha has been selected to don the mantle.

In an exchange filing, Eveready has informed that the board at its meeting held on Wednesday approved the appointment of Saha as the managing director of the company for three years effective from Wednesday.

Mohit Burman, who has been spearheading the Burman family investment in Eveready, said, it was a “positive development”.

The Burman family – the largest shareholder in Eveready with around 19.84 per cent –