Pradeep Bakshi, Managing Director and CEO of the Voltas has expressed his desire not to seek reappointment as Managing Director and CEO upon completion of his current term on August 31, 2025, following which the Board has accepted his request.
In a regulatory filing, the company mentioned that the Board, based on the recommendation of the Nomination and Remuneration Committee, unanimously approved the appointment of Mukundan C.P. Menon, currently Executive Director and Head – Room Air Conditioner Business of the Company, as the Managing Director (Designate) effective April 1, 2025 and subsequently as the Managing Director effective September 1, 2025 to hold office up to May 24, 2027, subject to the approval of the shareholders.
Menon has over 38 years of Management experience, leading organisations in India and Overseas. His domain expertise covers the entire spectrum of HVAC products including Room Air conditioners, Commercial Air conditioners and Commercial Refrigeration Products. He is an expert and veteran in the Airconditioning and Refrigeration industry and combines strong proven business acumen with a sense of purpose.
Additionally, Sonia Singh has been appointed as an Additional Director and Non-Executive Independent Director of the Company for a term of five years, with effect from March 7, 2025, subject to the approval of the shareholders.
