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UPL names new leadership team for merged entity

IANS  |  Mumbai 

Following its decision to acquire Arysta LifeScience, global firm UPL on Thursday announced a new leadership of the merged entity with the new team to be led by the company's

A company release said that will be the Director of the consolidated organisation which will be strategically organised in seven regions in different parts of the world.

In July this year, UPL had announced that its wholly-owned subsidiary had signed a definitive agreement with to acquire and its subsidiaries.

The release said that the appointments will be effective upon the completion of the proposed transaction, which is expected early 2019, and the completion of the proposed transaction is subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions.

UPL said on Thursday that Arysta LifeScience will take over as the of New UPL.

Ajit Premnath, who is currently of crop protection, will assume the role of Business Mentor, Crop Protection, "focusing on mentoring Casanello to take over the role", the statement said.

It also said that the (Global Strategy Innovation) will now be the COO Integration, Global Strategy and Special Growth Initiatives.

Listed in India, had a market capitalisation of $5.3 billion as on October 31, 2018. For 2018-19, the company reported operating revenue of $2.7 billion and earning before interest, taxes, depreciation and amortisation (EBITDA) of $543 million.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 22:50 IST
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