Amul MD RS Sodhi gets a 6-month extension
The Board of Directors of Gujarat Cooperative Milk Marketing and advertising Federation Ltd (GCMMF) has provided an extension to Rupinder Singh Sodhi, the incumbent Handling Director of the Amul marketer, for a interval of six months.
The choice was taken at the Board’s conference held on Wednesday. BusinessLine had previously documented that the GCMMF Board was in favour of extending Sodhi’s expression, fairly than finding a successor straight away.
Resources verified that the Board of Directors has agreed on an extension for a interval of six months. Nevertheless, there is no affirmation if a research committee would be set-up, in the meantime, to uncover Sodhi’s successor.
“Considering the Covid-19 occasions and the upcoming monetary 12 months-ending, the board has resolved to increase the expression of Mr Sodhi for now,” Shamalbhai Patel, Chairman, GCMMF, explained to BusinessLine.
GCMMF marketplaces Amul model of food items solutions, such as dairy solutions, edible oil, bakery, sweet solutions and completely ready-to-consume solutions.
After using demand as the MD in 2010, Sodhi concluded his 1st 5-12 months expression in 2015, which was prolonged by a further 5-12 months expression, which ends on December 31, 2020.
An IRMA alumnus, Sodhi has strengthened Amul’s situation in world wide branded food items market with its turnover taking pictures up by pretty much 5 occasions from ₹8,005 crore in 2009-10 to ₹38,542 crore in 2019-twenty and the team turnover of all 18 member dairy unions of Amul Federation for all solutions set with each other has crossed ₹52,000 crore in 2020. Sodhi now eyes Amul Group turnover to contact ₹1-lakh crore by 2024-twenty five.
