Honeywell Automation India Limited today announced Ganesh Natarajan’s appointment as Independent Director (Non-Executive) and Chairman of its Board of Directors, effective March 8, 2021.
As Chairman of the Board of Directors, Natarajan will offer guidance to HAIL’s management team on the company’s overall strategy, business, and financial matters. He will provide direction and Board support for strong corporate governance.
Company informed the exchanges Thursday that Natarajan succeeds Suresh Senapaty, who completes his five-year tenure as Independent Director and Chairman of HAIL on March 7, 2021. Senapaty has conveyed his desire not to seek reappointment as Independent Director of the company for the second term due to his personal commitments. Accordingly, his tenure as Director of the company will come to an end on March 7, 2021.
“Ganesh Natarajan brings with him a rich and varied experience as a seasoned CEO, a tech entrepreneur, and an industry thought leader. We look forward to his guidance and inputs to our strategic vision to become a software industrial company as we steer the company through an ambitious and aggressive growth path. We are also grateful to Suresh Senapaty for his valuable contribution to HAIL over the last five years. His legacy of good governance and controls will continue to serve us well,” Ashish Gaikwad, Managing Director, HAIL, said.
Ganesh Natarajan has more than 30 years of industry experience, including 25 years as CEO for Aptech and Zensar Technologies, company said. He is a serial entrepreneur, having founded 5F World, a platform for digital start-ups, skills, and social ventures, and he co-founded Global Talent Track, Skills Alpha, and Lighthouse Communities Foundation. He also co-founded two Indo-U.S. joint ventures, namely Kalzoom Advisors and the Center for AI and Advanced Analytics. He completed his master’s in Industrial Engineering from NITIE Mumbai, Ph.D. from IIT Bombay, and Advanced Management Program from Harvard Business School.
“I have always been keenly interested in the role of digital technologies in re-engineering processes for the corporate and social sectors. I am excited to be part of Honeywell, a software-industrial leader that has been driving India’s move towards Industry 4.0,” Ganesh Natarajan said.
Honeywell Automation India Ltd ended at Rs48,013 per piece up by Rs1068.45 or 2.28% from its previous closing of Rs46,944.55 per piece on the BSE.