Castrol India Appoints Rakesh Makhija New Chairman, Check Details

In a significant leadership shift, Castrol India has announced the appointment of Rakesh Makhija as the new Chairman, following the retirement of R. Gopalakrishnan after an impressive 24-year tenure with the company, including five years as chairman. Makhija officially took on the role on October 1 and brings a wealth of experience from his extensive career in the industry.

A New Era with Rakesh Makhija

Rakesh Makhija has held several senior leadership positions at notable companies such as SKF Group, Tata Honeywell Limited, and Honeywell International. His most recent role was as the non-executive Chairman of Axis Bank Ltd, where he played a crucial part in steering the bank through various challenges in the financial landscape. Makhija’s deep understanding of the industry will be invaluable as Castrol India looks to accelerate its growth trajectory and enhance its market presence.

Strengthening Governance with Satyavati Berera

In addition to Makhija’s appointment, Satyavati Berera has been appointed as an independent director and the chairperson of the audit committee, effective October 1. Berera, a former Chief Operating Officer at PwC India, boasts over four decades of experience in business leadership and governance. Her expertise is expected to play a pivotal role in ensuring robust oversight and strategic direction for the company.

Berera’s appointment comes as Uday Khanna steps down after a remarkable tenure, leaving behind a legacy of excellence in governance and strategic guidance.

Continuity with Sangeeta Talwar

Sangeeta Talwar, an independent director with vast experience in marketing, sales, and leadership roles at various global corporations, will continue to serve on Castrol India’s board. In addition to her role as a director, Talwar will chair the Nomination Remuneration and Compensation (NRC) Committee and assume the chairmanship of the Corporate Social Responsibility (CSR) committee. Her ongoing involvement ensures continuity and strong leadership within the company.

Looking Ahead

All appointments are subject to shareholder approval, as Castrol India positions itself for the future. Managing Director Sandeep Sangwan expressed confidence in the new leadership team, stating, “Makhija’s wealth of industry knowledge, combined with Berera’s extensive experience in governance, will be instrumental as we continue to accelerate our growth and build on our legacy.” Sangwan also expressed gratitude to Gopalakrishnan and Khanna for their invaluable contributions to the company, underscoring the importance of strong leadership in navigating the competitive landscape.

Conclusion

As Castrol India embarks on this new chapter, the leadership changes signal a commitment to growth, innovation, and excellence. With experienced leaders at the helm, the company is well-positioned to build on its legacy and continue delivering high-quality products and services to its customers. Stakeholders can look forward to an exciting journey ahead as Castrol India focuses on its strategic goals and embraces new opportunities in the lubricants market.

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