Rahul Bajaj, chairman of the country’s largest auto company Bajaj Auto, has resigned from his post. He was in this position since 1972. The company said in a statement that Rahul Bajaj will be in the role of Emirates chairman from May 1. He has left the post citing growing age.
After the resignation of Rahul Bajaj, Neeraj Bajaj, who will be the executive director of the company, will be the new chairman of the company. Rahul Bajaj will be relieved from the position of non-executive director and chairman of the company on 30 April 2021 i.e. at the end of the working day today.
In the notice given to the stock market, the company said that Rahul Bajaj has contributed immensely to the success of the company and the group in the last 5 decades. In view of this, the company has decided to make him chairman Emirates for 5 years from 1 May 2021.
To continue his tremendous experience and interest in and benefit of the company. From time to time for the role of advisor with experience, knowledge and knowledge and as a mentor, the Board of Directors in its meeting today and as recommended by the Nomination and Remuneration Committee, Mr. Rahul Bajaj as the Chairman Emeritus of the company Has been approved to be appointed.
A period of five years from 1 May 2021. This will be taken up at the upcoming annual general meeting for the approval of shareholders. Niraj has been on the board of directors of Bajaj Bajaj Auto Limited, Bajaj Allianz Life and General Insurance Company Limited, and chairman of Bachhraj & Company, Jamnalal Sons and various other Bajaj Group companies. Huh. He is also the Chairman and Managing Director of Mukand Limited and Chairman of Bajaj Holdings and Investment Limited (BHIL).