Mr. Shashi Mudgal joins Hindalco
Mumbai: Mr. Shashi Mudgal, executive director – marketing, Ceat has joined Hindalco Industries, as its executive president (marketing) and chief executive officer of the foils and wheels business. Mr. Mudgal’s post at Hindalco has been newly created in line with the company's focus on increasing the share of value-added product in its product mix as well as increasing the market share to retain the leadership position.

Mr. Mudgal in his new role is expected to give direction to the Hindalco’s marketing strategies and would be responsible for the profit contribution of the high-margin foils and wheels business.
Back to News Review index page  

Mr. Jack Welch gets $17m in salary, bonus
New York: Jack Welch, the 65-year-old chairman and chief executive of General Electric, has got his salary and bonus package enhanced by about 25 per cent to $16.7 million in 2000, according to the company's annual filing with federal regulators. Mr. Welch, who joined GE in 1960, was paid $4 million in salary and a $12.7-million bonus. He also received 3 million GE stock options, which can be exercised after his retirement.

For 1999, Welch was paid $13.3 million, with $3.3 million of that in salary and $10 million as a bonus. After two decades running GE - the world's largest company by market value -— Welch is due to step down at the end of this year. The percentage increase in Welch's salary package outpaced the growth in GE's net profit, which rose 19 per cent to $12.74 billion in 2000.
Back to News Review index page