Finolex Industries has appointed Saurabh Dhanorkar as Managing Director (MD) for a period of two years with effect from November 21, 2024. Furthermore, Ajit Venkataraman has stepped down from his position as MD.
Dhanorkar has been associated with the company since 1983 in various roles and was MD until 2016. Further, he has been associated with the company as a non-Executive Director for the past eight years.
The Board at their meeting held on October 24, 2024, considered the recommendation of the Nomination and Remuneration Committee, and approved the appointment of Dhanorkar as the MD, necessary disclosures of which have already been filed with the Stock Exchanges.
Executive Chairman, Prakash Chhabria, emphasised the importance of this leadership change, praising Dhanorkar’s vast experience in accounting, finance, commercial, strategy, marketing, and general management. He expressed confidence in Dhanorkar’s ability to lead the company into its next phase of growth and profitability, citing his client-centric approach, growth mindset, and commitment to the company’s values and looks forward to setting new benchmarks under his leadership.
