TVS Holdings Ltd., (formerly known as Sundaram-Clayton Ltd) has elevated Sudarshan Venu as Managing Director for a period of five years with immediate effect.
On Monday, the board also approved the appointment of Timm Tiller as an additional director and non-executive independent director for a term of five consecutive years with immediate effect and re-appointed Sasikala Varadachari, as an Independent director for a second term of three years from October 24, it said in a regulatory filing.
TVS Motor Company, meanwhile, on Monday reappointed K.N. Radhakrishnan as Director & CEO for a further period of five years with effect from October 23.
Shares of TVS Holdings rose by ₹58.10 or 1.05% to close at ₹5,609.25 while TVS Motor gained ₹8.60 or 0.58% to close at ₹1,488.85 on the BSE Monday.
