Whirlpool of India slips 6% after MD Sunil D'Souza steps down

Since June 2015, the stock of Whirlpool of India has rallied 330 per cent, as compared to a 49 per cent rise in the S&P BSE Sensex.

Shares of Whirlpool of India slipped 6 per cent to Rs 2,122 on the BSE on Tuesday after the consumer durable maker's Managing Director Sunil D'Souza resigned from the company.

In a meeting held on Monday, the board of the company accepted the resignation of D'Souza, who, according to the exchange filing, has decided to pursue interests outside of the company. His resignation will be effective from April 3, 2020.

"Further, the board of directors wish to inform that Vishal Bhola will be joining the company with effect from January 1, 2020 and will succeed Sunil D'Souza as Managing Director