The Board of Directors of Whirlpool of India ltd. at their meeting held on December 16, 2019, accepted the resignation of Mr. Sunil D'Souza, Managing Director of the Company who has decided to pursue interests outside of the company, Mr. D'Souza's resignation will be effective from April 3, 2020. For the past four and a half years, under Sunil's leadership, the India business grew and reached new heights. Further, the Board of Directors wish to inform that Mr. Vishal Bhola will be joining the Company with effect from January 01, 2020 and will succeed Mr. Sunil D'Souza as Managing Director of the Company. His appointment will be subject to completion of necessary regulatory formalities and approvals. Mr. Vishal Bhola has over 20 years of experience in the consumer goods industry. Earlier, Mr. Bhola held the position of Global Vice President, Water at Unilever. Mr. Bhola is an MBA from the Indian Institute of Management, Bangalore. He received his bachelor degree in Electronics from Delhi College of Engineering. Mr. Bhola is not related to any of the Directors of the Company.