Satej Nabar has resigned from office of the Executive Director & CEO.
Laxmi Organic Industries has selected Dr. Rajan Venkatesh as Managing Director & Chief Executive Office and his appointment will be effective from April 3, 2023. Dr. Rajan will join Laxmi from BASF, where he was and responsible for a Euro 1 billion business, across Asia (Greater China, ASEAN, South Asia, Japan, Korea, Australia and New Zealand).
Dr. Rajan has nearly two decades of global experience in the chemical industry and has a strong track record of working in different roles spanning business management, research, sales, marketing and investment projects, across Europe, Asia (including India). The Board believes that he is the right person to lead Laxmi at this transformative time.
Laxmi also announced that Satej Nabar has resigned from office of the Executive Director & CEO. His tenure will end at the end of business on 2nd April 2023, and he will be with the Company till May 31, 2023. The Board is appreciative of and thankful to Satej Nabar for his valuable contribution towards the Company’s growth. His leadership over the last three years has been very impactful.
Dr. Rajan holds a Doctor of Philosophy in Polymer Chemistry from Eindhoven University of Technology, Netherlands; a Master of Philosophy in Polymer Science & Technology from The University of Manchester, UK and Master of Science in Organic Chemistry from Institute of Chemical Technology, Mumbai, India.
Sangeeta Singh, Chairperson of the Nomination & Remuneration Committee, stated, “After a comprehensive global search effort, we are pleased to appoint Dr. Rajan Venkatesh as the MD & CEO. He was the top choice from a pool of highly qualified candidates. With his strong track record and extensive experience, we believe, we have the right person to lead Laxmi.”
Ravi Goenka, the current Chairman & Managing Director, will continue as an Executive Chairman of the company.
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