Tata Group firm Voltas today announced the appointment of Pradeep Bakshi as its Managing Director and CEO.
Bakshi, currently Executive Director and Chief Operating Officer, will succeed Sanjay Johri, when the latter superannuates in February 2018, Voltas said in a statement.
Besides, Anil George, Executive Director (Finance and Corporate Affairs), will be elevated as Deputy Managing Director.
"The appointments of Bakshi and George mark the culmination of a formal succession process at Voltas Ltd, in which Sanjay Johri and the board were engaged for two years to groom the leadership team of the company," Chairman of the board Noel Tata said.
The announcements came from the board of directors of Voltas Ltd.
Tata claimed Voltas is a market leader in the room air conditioning business with a market share of 22 per cent.
On his appointment, Bakshi said: "My goal is to build on the strong foundations created by Sanjay Johri. I am confident we will attain market leadership in the wider basket of consumer durables, as we did in the room AC industry".
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