Schaeffler India Ltd appoints directors

The Board of Directors of Schaeffler India Ltd has approved the appointment of Ms. Corinna Schittenhelm [DIN: 09257159] as Additional Director to hold office upto ensuing Annual General Meeting and subject to approval of Shareholders, as Non-Executive Non-Independent Director, liable to retire by rotation, effective from September 12, 2021 and Mr. Andreas Schick [DIN: 09257160] as Additional Director to hold office upto ensuing Annual General Meeting and subject to approval of Shareholders, as Non-Executive Non-Independent Director, liable to retire by rotation, effective from October 28, 2021.

Ms. Corinna Schittenhelm has 27 years of professional experience in numerous industries including banking and mostly in wide range of technology driven industrial segments in various countries including China and USA. She is a member of Executive Board of Schaeffler AG as Chief Human Resources Officer with responsibility for HR and sustainability. She also holds the position of Labour Relations Director of the Schaeffler Group.

Ms. Schittenhelm holds degree in Business Administration from University of Applied Sciences for Economics & Technology in Kempten. She has vast experience in HR and has worked with Unicredit, Siemens, Osram Licht before joining Schaeffler AG.

Ms. Schittenhelm is not related to any of the Directors of the Company.

It is hereby affirmed that Ms. Schittenhelm is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Mr. Andreas Schick has 27 years of experience in the field of technology and has worked with Schaeffler Group for more than two decades in different roles. He is a member of Executive Board of Schaeffler AG as Chief Operation Officer and is responsible for Production, Supply Chain Management and Purchasing within the Schaeffler AG.

Mr. Schick has studied Automotive Engineering at the University of Munich. He started his career as Product Engineer and worked in different roles in Brazil, USA, China, and Singapore.

Mr. Schick is not related to any of the Directors of the Company.

It is hereby affirmed that Mr. Schick is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Shares of Schaeffler India Limited was last trading in BSE at Rs. 7374.9 as compared to the previous close of Rs. 7523.2. The total number of shares traded during the day was 378 in over 204 trades.

The stock hit an intraday high of Rs. 7562.75 and intraday low of 7336.5. The net turnover during the day was Rs. 2807663.

Source : Equity Bulls

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