“The board of directors unanimously named Sudarshan Venu as incoming chairman, in recognition of his exemplary contributions to the company’s sustained growth and strategic development during his tenure as director.

Effective August 25, 2025, Sudarshan Venu will be appointed as chairman and managing director”, the company said in a statement.

Its current chairman, Sir Ralf Speth, has informed the board of directors that he will not be seeking re-appointment as a company director at the upcoming Annual General Meeting (AGM). Consequently, he will step down as chairman of the company at the close of the AGM on August 22, 2025.