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Nikhil Nanda appointed as Chairman and MD of Escorts

Press Trust of India  |  New Delhi 

Farm and construction equipment maker today appointed as the and Managing Director (MD) of the company to succeed his father Rajan who passed away earlier this week after a brief illness.

The company's board unanimously appointed as the and MD to succeed his late father, said in a statement.

"I am aware that an enormous responsibility, with a great legacy, has been entrusted on me...I am confident that with board's guidance and our engineering strength we will continue to live up to the expectations across stakeholders," said.

will create products and solutions which will transform agriculture by empowering farmers with mechanised, and partner nation to build smart and safe infrastructure, he added.

Nikhil, who is an alumnus of Wharton Business School, Philadelphia, has been a key member of the company's board since 1997.

Rajan, who died at the age of 76, had joined Escorts in 1965 and took over the reins of the company when his father and founder H P stepped down in 1994 after a 50-year long innings.

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

First Published: Tue, August 07 2018. 16:15 IST