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Saturday, Sep 25, 2004

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Maruti joint MD resigns

Our Bureau

NEW DELHI: Maruti Udyog Ltd on Friday said in a statement that Mr Junzo Sugimori, its joint Managing Director, tendered his resignation and was accepted by the board of directors at the company's meeting held on September 23.Further, Mr Hirofumi Nagao, erstwhile Executive Director (Administration), has been elevated and appointed as a Whole-Time Director re-designated as Joint Managing Director in the casual vacancy caused by the resignation of Mr Sugimori. Mr Nagao's appointment was subject to the approval of the shareholders of the company.

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