The Board of CIE Automotive India Limited, based on the recommendation of the NRC, have approved the following changes in the Key Managerial Personnels and Senior Management of the Company to build a stronger leadership pipeline to support the long-term growth strategy of the Company: promotion of Mr. Rahul Desai and his appointment as "CEO - Stampings, MPD and Composites Divisions" who shall be a Key Managerial Personnel of the Company
in accordance with Section 2(51) of the Companies Act, 2013 with effect from 2nd May, 2024. promotion of Mr. Rajendra Vadlapudi, and his appointment as "CEO - Iron Casting Division" of the Company, who shall be a Key Managerial Personnel of the Company in accordance with Section 2(51) of the Companies Act, 2013, with effect from 2nd May, 2024. Both Mr. Desai and Mr. Vadlapudi shall continue to report to Mr. Manoj Menon, who is now redesignated as "Executive Director and CEO" from "Executive Director and CEO - Iron Casting, Stampings, Composites, MPD and Gears Divisions". Mr. Menon continues to be a Key Managerial Personnel of the Company in accordance with Section 2(51) of the Companies Act, 2013. promotion of Mr. Vinayak Kadaskar, as Head - HR and IR of the Company, who becomes a part of the Senior Management of the Company with effect from 2nd May, 2024. Mr. Ander Arenaza the Whole-Time Director (designated as Executive Director) of the Company is the head of the management and the Key Managerial Personnel of the Company in accordance with Section 203(1)(i) of the Act. In view of the changes in the Organizational Structure, Mr. Ander Arenaza is redesignated as "Executive Director and Group CEO" by way of his appointment as `Chief Executive Officer' of the Company under Section 203(1)(i) of the Companies Act, 2013 with effect from 2nd May, 2024. He continues to be the Whole Time Director (designated as Executive Director) of the Company. His current term of appointment as Executive Director is from 12th September 2022 to 11th September 2025. Mr. Rahul Desai joined the Company in the year 2015 and is heading the operations of Composites, Magnetic Products & Stamping Division of the Company. Mr. Rahul Desai has an experience of more than 27 years in automotive sector. He held relevant positions in different automotive companies and worked in the areas of operations, engineering, green field projects, technology transfers and business strategic planning. He holds degree in Mechanical Engineering from North Maharashtra University, Jalgaon and has a Masters in Lean Manufacturing from Germany. Mr. Rajendra Vadlapudi joined the Company in the year 2010 and is heading the operations of the Iron Castings Division of the Company as well as the Aluminium castings business of subsidiary in India. Mr. Rajendra Vadlapudi has experience of more than 20 years in automotive sector. He held relevant positions in automotive companies and OEMs and worked in different areas from setting up green field projects to heading operations. He has done Diploma in Mechanical Engineering from SBTET, Vijayawada and completed PGDOM in operations from MIQ- Ohio state University. He has completed his master's in business administration (Specialization in Operations) from SP Jain global school, Mumbai. Mr. Vinayak joined the organisation in the year 1997 and is heading the HR & IR functions of the Company. He also chairs the Central CSR Council and take active interest in implementation of CSR projects of the Company. He has extensive experience of more than 36 years spanning in all the aspects of Human Resources and Industrial Relations. Mr. Vinayak is graduate in Law and has masters in Personnel Management. Mr. Arenaza is an Executive Director of the Company since 2016. He has more than 30 years experience in the automotive sector and, prior joining CIE Automotive in 2007, he held relevant positions in different automotive companies. Within CIE Automotive Group, Mr. Arenaza has led Machining and Aluminum HPDC Divisions worldwide with extensive exposure to international businesses. He holds degree in Industrial Engineering (Industrial Engineering School of Bilbao) and a master's in business administration (MBA) from Deusto University (Bilbao).