Pidilite names Bharat Puri as MD

Pidilite names Bharat Puri as MD

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Like some of the other progressive family run businesses, Fevicol maker Pidilite is professionalizing its management structure and has for the first time appointed a non-family member as its managing director. Bharat Puri, who has been closely associated with the company since his appointment as an independent director of the company in 2008, took over as MD. To make way for the top level changes, CMD, M B Parekh stepped down from the position of managing director and became executive chairman. N K Parekh, joint MD also stepped down from this position on and became non-executive vice chairman. Other family members on the board, Ajay Parekh and Apurva Parekh, both executive directors, will continue to play a significant role in the company and will work with Bharat on key strategic matters and also help oversee & strengthen various business divisions & functions. Puri, who started his career with Asian Paints in 1982, was president global chocolate, gum and candy categories at Mondelez International in his previous assignment.