R. Seshasayee resigns from Ashok Leyland board
- PNB fraud: ICAI obtains statement from senior bank official
- Andhra Pradesh govt signs 77 MoUs worth Rs31,546 crore at Partnership Summit
- Kia Motors to roll out first car from Anantapur plant by 2019
- Govt revokes passports of Nirav Modi and Mehul Choksi
- Warren Buffett warns investors that safe-looking bonds can be risky
Chennai: R. Seshasayee, non-executive vice-chairman of Ashok Leyland Ltd, resigned from the board of directors with effect from 28 July, the company said in a BSE filing on Friday.
Seshasayee is also the non-executive chairman of Infosys Ltd and chairman of Indusind Bank Ltd.
Last year, the board of Infosys named Seshasayee, who was an independent director at the Bengaluru-based software services firm, as non-executive chairman, replacing K.V. Kamath, who stepped down to head the $100 billion BRICS bank.
Seshasayee started his career with Hindustan Lever Ltd (as Hindustan Unilever Ltd was known then) in 1971. In 1976, he joined Chennai-based auto maker Ashok Leyland, where he became executive director in 1983 and managing director in 1998.
For 13 years, Seshasayee served as the managing director of Ashok Leyland before becoming its non-executive vice-chairman in 2011.