LT Foods today announced the appointment of Mr. Palash Aggrawal as Group Head HR.
Palash is an industry veteran with three decades of HR leadership experience across diverse industry segments. In his previous roles, Palash was instrumental in designing & implementing strategic people management initiatives across IT, ITES, FMCG & Manufacturing sectors. He also brings in a strong blend of domain knowledge & hands on experience in Business HR, OD, Change Management, Culture Building, Leadership Development, Employee Engagement & Talent Management.
Commenting on his appointment, Mr. Ashwani Kumar Arora, Managing Director & CEO LT Foods said, "We are delighted to have a seasoned Group HR leader on Board. Mr. Palash Aggrawal is a valuable addition to our leadership team as we embark on the next level of growth journey with expanded product portfolio and increased global reach. Passionate & committed employees are the prime assets of our business and we are confident that with Palash on the team, we shall further build on a highly agile, responsive & people centric culture to support and achieve our business objectives in future."
LT Foods is strongly focusing on its four Strategic Pillars of Growth, Margin Expansion, Strengthening key Financial Metrics and improving the ROCE (Return on Capital Employed) to strengthen its management capabilities. This leadership appointment comes at a time when LT Foods is on its next level growth journey by leveraging its strong brands, infrastructure and global distribution network in line with the emerging global foods trends.
On his appointment, Mr. Palash Aggrawal said "I am excited to be a part of this journey at a time when LT Foods embarks on its next phase of transformation. It will be a privilege to work with the leadership team at LT Foods to further strengthen people processes & build a future ready talented & inspired organization."
Prior to joining LT Foods, Mr. Palash Aggrawal was heading the HR function at Grupo Bimbo (India) where he was responsible for integration of Grupo Bimbo's culture with the acquired Indian organization and implemented global people policies and practices like talent management, organisation structure and defining grades & levels, compensation & benefit policies etc. He has worked with companies like Ester Industries Ltd., NEC India, R-Systems amongst others.
Palash is a Science graduate and a Masters in Personnel Management & Industrial Relations from Jiwaji University.
Shares of LT FOODS LTD. was last trading in BSE at Rs.50.75 as compared to the previous close of Rs. 52. The total number of shares traded during the day was 72065 in over 520 trades.
The stock hit an intraday high of Rs. 52 and intraday low of 48. The net turnover during the day was Rs. 3572278.