Amit Burman has resigned as chairman of Dabur India Ltd. as a part of a change in management on the Ayurveda merchandise maker.
The resignation will probably be efficient Aug. 10, in response to an trade submitting on Friday. Amit Burman will proceed to be the non-executive director of the corporate.
Amit Burman took over because the chief government officer of Dabur Meals in 1999 when the corporate forayed into the processed meals enterprise. He stepped down from this function when the corporate was merged into Dabur India Ltd. in July 2007. He was then appointed because the vice chairman of Dabur India, the place he spearheaded its foray into the packaged meals enterprise with the launch of fruit juices underneath the Actual model.
He took cost because the chairman of Dabur India in 2019.
Individually, Mohit Burman, presently the non-executive vice chairman of the corporate, has been appointed because the non-executive chairman of the board of administrators for a interval of 5 years efficient Aug. 11.
Mohit Burman, 54, is the driving power behind the Burman household’s entry into a number of high-growth and dawn sectors of monetary companies like life insurance coverage, sports activities, asset administration, pensions and annuities moreover agriculture and retailing.
The maker of honey and chyawanprash has additionally appointed Saket Burman as non-executive vice chairman of the board of administrators for a interval of 5 years beginning Aug. 11.
Shares of Dabur fell as a lot as 1.6% and had been buying and selling 0.17% decrease as of 10:30 a.m. on Friday.