IANS | 01 Oct, 2023
Shares of Navin Fluorine slumped 13 per cent on Friday after the
resignation of the company's Managing Director for personal reasons.
Navin Fluorine was trading at Rs 3791.60 on BSE on Friday.
“Radhesh
R. Welling has tendered his resignation as the Managing Director and a
Director on the Board of the Company for personal reasons,” the company
announced.
His resignation was accepted by the Board of
Directors. Welling will be relieved from the services of the Company
effective from the close of business hours on December 15. He shall
continue to serve the Company to facilitate a smooth transition, the
company said.
The Company will induct a senior professional to head the organisation as Managing Director in due course of time.
Vishad
P. Mafatlal, Executive Chairman, shall steer the operations of the
Company and will be ably assisted by the leadership team, the company
said.
The Board places on record its sincere appreciation for the
contribution made by Welling during his tenure with the Company and
wishes him the very best in his future endeavours.
