Fineotex appoints Mr. Arindam Choudhuri as its Chief Executive Officer

Fineotex Chemical Limited (BSE: 533333, NSE: FCL), a global giant of speciality chemicals headquartered in India, added more power to its C-suite by appointing Mr Arindam Choudhuri as its Chief Executive Officer today.

Arindam brings with him over two decades of deep insight, thought leadership and vast experience from the global textile chemical industry. He is known to have brought about a conscious shift in product line of several companies by adopting sustainable practices. Fineotex takes pride in being one of the earliest companies to adopt cleantech and aggressively drive home the idea of sustainability and sees Arindam as a perfect fit in its compelling growth story. With him at the helm, Fineotex will continue to flourish and expand its offerings in terms of products and explore newer areas that await to be tapped in this ever-growing chemical space.

Academically, Arindam holds a Bachelor of Technology degree in Fibre Technology, and has also completed his Marketing Management from ICFAI, Kolkata. He has completed the Chemical Management Professional course from NimkarTek, Mumbai, specializing in chemical compliance management.

He has been a keynote speaker and panellist for conferences held by the Global Organic Textile Standard (GOTS) and Zero Discharge of Hazardous Chemicals (ZDHC), on topics such as specialty performance chemicals and textile processing.

Commenting on the appointment, Sanjay Tibrewala, CFO and Executive Director, said: "Arindam brings with him extensive domain knowledge of the speciality textile sector and has a proven track record of expanding businesses both in India and internationally. Arindam is a fine leader, he has a strong focus on innovation and we believe that is critical to lead Fineotex going forward. With the demonstrated ability to establish client relationships and a commitment to our people and core values, Arindam will bring a step change to the organisation. Undoubtedly, we will witness this as a turning point, and the beginning of the next super growth phase for Fineotex."

Commenting on his new role, Arindam, the newly-appointed CEO, said: "I am extremely grateful to the management of Fineotex for conferring upon me the remarkable responsibility of driving the team and making Fineotex one of the preferred specialty chemical companies globally. My excitement and commitment to lead Fineotex and grow it multifold in the coming times does assure our team members, customers and stakeholders that we will leave no stone unturned to make this happen. The current global specialty chemical market is an exciting space that is full of tremendous game changing opportunities. The Company has a differentiated business model, diverse product portfolio and an established R&D division that is uniquely positioned to capitalize on the growing speciality chemicals sector. Without any doubt, we are certain that Fineostars as a team will contribute to achieving our nation's dream of being a $4 trillion economy. We assure our stakeholders that the journey ahead will be remarkable as we are strongly poised to move in just one direction: upward."

Shares of FINEOTEX CHEMICAL LTD. was last trading in BSE at Rs.90 as compared to the previous close of Rs. 90.15. The total number of shares traded during the day was 94025 in over 1330 trades.

The stock hit an intraday high of Rs. 91.65 and intraday low of 87.6. The net turnover during the day was Rs. 8448483.

Source : Equity Bulls

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