Page Industries appoints V S Ganesh as new CEO; stock surges over 4%

V S Ganesh will be appointed for a period of 5 years effective June 1, 2021.

Page Industries shares advanced 4.5 per cent to Rs 28,806 on the BSE in an otherwise volatile market on Tuesday after the company approved appointment of V S Ganesh as Executive Director and Chief Executive Officer of the company.

Ganesh will be appointed for a period of 5 years effective June 1, 2021. Consequent to the elevation, the Board has shortened his present term of Executive Director – Manufacturing and Operation to the closing hours on May 31, 2021.

At 10:10 am, the stock was ruling over 3 per cent higher at Rs 28,448 on the BSE as against a 0.44 per