Motherson Sumi Systems Limited has appointed Rekha Sethi as an Additional Independent Director for a period of five years.
“The Board of Directors of the company, based on the recommendation of the Nomination and Remuneration Committee, in its meeting held on August 10, 2021, approved the appointment of Rekha Sethi as an Additional and Independent Director, not liable to retire by rotation, for a period of 5-years commencing from August 10, 2021, to August 9, 2026, subject to the approval of the shareholders,” the company said in a filing on Tuesday.
Briefing about the new appointee, the company said that Rekha Sethi is the Director-General of the All India Management Association (AIMA), the apex body for management in India. AIMA is a non-lobbying, not for-profit organisation working closely with Industry, Government, Academia and students to further the cause of the management profession in India.
Rekha took charge of AIMA in June 2008. She has since established AIMA as the preferred platform for discussions and debate on management and has deepened AIMA's relationship with the Government of India and India Inc. AIMA now attracts India's top industry leaders and policy makers on its platform, company said.
Rekha is also on the Boards of some leading Indian companies as an Independent Director including Sun Pharmaceutical Industries. She is also on the Board of Sun Pharma Laboratories Ltd and Sun Pharma Distributors Ltd; CESC, one of India's leading Power generation and distribution companies and the flagship company in the RP-Sanjiv Goenka Group and on the boards of Spencer’s Retail Ltd and Hero Steels Limited.
She represents AIMA on the Board of All India Board of Management Studies, constituted by AICTE and on the Governing Council of National Productivity Council, an autonomous organisation of Department for Promotion of Industry and Internal Trade. She is also a Member of the Governing Council of the India Habitat Centre.
Prior to joining AIMA, Rekha worked with India's premier industry organisation, the Confederation of Indian Industry (CII) for over 17 years. There she led the initiative to create high-profile international events to promote India's economic interests. She started her career with the Center for Development of Telematics (C-DoT). Rekha is an alumnus of St Stephens College, Delhi University.
At around 10.55 AM, Motherson Sumi Systems Ltd was trading at Rs220.70 per piece down Rs2.45 or 1.10% from its previous closing of Rs223.15 per piece on the BSE.