Kirloskar Oil Engines Limited (KOEL) has announced a significant leadership transition as Mr. Atul Kirloskar, the Chairman of the Board, is set to retire on 31st March 2026 upon reaching the retirement age of 70. Mr. Kirloskar has been associated with the company for over 43 years, holding various executive and non-executive roles.
In a planned succession, the Board of Directors has appointed Mr. Rahul Kirloskar, currently a Non-Executive Director, as the new Chairperson. Additionally, Ms. Gauri Kirloskar, the current Managing Director, will take on the role of Vice Chairperson while continuing her responsibilities as Managing Director.
Mr. Atul Kirloskar expressed his gratitude for being part of KOEL’s journey and emphasised the importance of a planned succession for the company’s future. He conveyed confidence in the new leadership team to propel KOEL to greater heights. Mr. Rahul Kirloskar acknowledged Atul’s contributions and expressed his commitment to advancing the company’s goals alongside Ms. Gauri Kirloskar and the management team.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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