Sundaram Clayton Limited has informed the Exchange regarding Resignation of Mr Vivek S Joshi as Executive Director of the company w.e.f. March 31, 2026.
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Sundaram Clayton Limited has announced that Mr. Vivek S Joshi will resign as Director and Chief Executive Officer (CEO) effective 31st March 2026, citing personal reasons. He will also step down from the Risk Management Committee on the same date. The Board has approved the appointment of Mr. R Venkatesh, currently the company's Chief Operating Officer (COO), as the new Director and CEO for a 5-year term effective 1st April 2026. Mr. R Venkatesh brings 26+ years of experience in the auto component industry, having worked across multiple TVS group companies in operations, TQM, and strategic planning. The appointment was recommended by the Nomination and Remuneration Committee, ensuring a smooth internal succession.
This is a planned, orderly CEO transition with an internal promotion, which is generally viewed positively by investors as it ensures continuity. Shareholders should note no governance concerns were flagged, and the change takes effect from 1st April 2026.