ABB India Limited Announces Board Appointments, Subject to the Approval of the Next Annual General Meeting
November 13, 2019 at 06:03 am
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ABB India Limited informed that on recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held on November 13, 2019, has made the following appointments on the Board of the Company: Mr. V K Viswanathan as an Additional Director (Non-Executive Independent) for a period of 3 years, effective November 13, 2019, subject to the approval of the Shareholders of the company at the next Annual General Meeting. Mr. Viswanathan is not related to any Director and /or Key Managerial Personnel of the Company. Ms. Diane de Saint Victor is also appointed as an Additional Director (Non-Executive Non-independent) effective November 13, 2019, subject to the approval of the Shareholders of the company at the next Annual General Meeting. The term of appointment is not applicable as Ms. Diane is liable to retire by rotation . Ms Diane de Saint Victor is not related to any Director and/or Key Managerial Personnel of the Company. Mr. Viswanathan and Ms. Diane are not debarred from holding the office of the Director by virtue of any order of the Securities and Exchange Board of India or any such authority.
ABB India Limited specializes in the design, manufacturing and marketing of industrial equipment. Net sales break down by family of products and services as follows:
- automation systems (62.4%): power protection system and fluids measurement instruments and control, control system of the production process (especially for oil and gas, chemical and pharmaceutical, marine, mining and paper industries) and robotics equipment;
- products and transmission systems and power distribution (37.6%): transformers, power distribution products of medium voltage (circuit breakers, switches, fuses, sensors, etc.) and high voltage (capacitors, cables, switches, etc.). Besides, the group proposes turnkey installation services of transmission systems.
At the end of 2022, the group has 25 plants located in India.