19/12/2024 by Mark
The India division of lubricant manufacturer Castrol recently announced an important change in leadership at board level.
The company appointed Rakesh Makhija, a veteran of the lubrication industry, to succeed R Gopalakrishnan, who has stepped down following 24 long years of services that included five in the role of chairman.
Makhija, who has taken his place in the role of chairman at Castrol India, has a history of holding senior positions in numerous companies. These include Honeywell International, Tata Honeywell Limited and SKF Group. Recently, he also served Axis Bank Limited as a non-executive chairman.
Other changes to the roster at Castrol India include Satyavati Berera being appointed an independent director as well as an audit committee chairperson. She is taking over from Uday Khanna, who is retiring following a distinguished tenure with the leading lubricant manufacturer.
Berera was formerly Chief Operating Officer for Price Waterhouse Coopers (PwC) India and brings more than 40 years’ worth of experience in governance and business leadership to her new position.
Not all the board is being impacted by the reshuffle. Independent director Sangeeta Talwar will continue to serve, supplying her considerable experience in sales, marketing and leadership posts held at several global corporations.
According to Castrol India, Talwar will now assume the role of chairperson for Corporate Social Responsibility Committee, while continuing in her position as Chairperson for the Nomination Remuneration and Compensation Committee.
The India lubricant maker added that all the new and continuing appointments to the board and associated committees are subject to shareholder approval.
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