New Delhi: Rahul Bajaj has resigned from his place of non-government director and chairman at Bajaj Automobile Ltd, the business mentioned in a assertion on Thursday.
He will be changed by Niraj Bajaj, non-government director of the business, with impact from Might 1, 2021.
“Rahul Bajaj, non-government chairman of the business, owning been at the helm of the business considering that 1972 and the Team for five decades, thinking about his age, has tendered his resignation as non-government director and chairman of the business with impact from near of business enterprise several hours on April thirty, 2021,” the business mentioned in a assertion.
Previous year, Rahul Bajaj had stepped down as government chairman and total-time director at Bajaj Automobile, ending a 50-year stint in an government job at India’s 2nd largest two-wheeler business.
The octogenarian, on the other hand, will be the Chairman Emeritus of the business for a term of five a long time with impact from Might 1, 2021.
“Considering his incredible knowledge and in the interest of the business and to keep on to advantage from his knowledge, know-how and wisdom from time to time in an advisory job and as a mentor, the Board of Directors at its conference held currently and as suggested by Nomination and Remuneration Committee has authorised the appointment of Rahul Bajaj as Chairman Emeritus of the business for a term of five a long time with impact from Might 1, 2021,” the business mentioned.