Core Projects & Technologies Ltd has informed BSE about the following:
1. The Board approved appointment of Prof. Dr. Arun Nigavekar as an Additional Independent Director.
2. The Company has, over the years, evolved into a Global Education Company with business interests cutting across geographies, from America and Africa in the west to Hong Kong, Singapore and China in the East. The Company operates globally through its subsidiaries in USA, UK, UAE, Singapore and Hong Kong. CORE's business profile in India has also considerable enhanced, with about 9 State Government orders on hand, valued at Rs. 582 Crores.
The Board of Directors of the Company has mandated Mr. Sanjeev Mansotra, the present Chairman and Managing Director of CORE, with an aggressive business plan which seeks to consolidate the company's businesses globally and also seeks to make CORE as a dominant player in geographies such as Middle East, Africa, Singapore, Hong Kong and China. This will involve a more hands on approach in these territories from Mr. Mansotra and would also entail extensive travel away from India for the execution and implementation of this plan.
In order to administrative streamline the enhanced global functions of Mr. Mansotra, it has been decided that, effective April 01, 2011, Mr. Mansotra will step down as Managing Director of CORE Projects & Technologies Ltd India, and will continue as its 'Non-executive Chairman'.
However under the supervision of the Board of Directors, Mr. Mansotra will devote his full time and attention to CORE Group's Global businesses operations from its various international locations and lead the Group's Global operations as its Global CEO.
The Company is confident of creating a dominant place for itself in the education space, and believes that the Company's business strategies and growth plans will be better guided with induction of new directors.Read More
Sensex
|
Friday, April 15, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment