Rajeev Karwal quits Philips, to take over as Electrolux chief executive
New Delhi: Electrolux Kelvinator is witnessing a change of top management. Rajeev Karwal, senior vice president of Philips India who is currently heading the consumer electronics division in the company, has put in his papers and will be replacing Ram S Ramasundar as CEO and managing director of EKL.
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Nusli carves Wadia future in two for sons
Mumbai: Wadia group Chairman Nusli Wadia has finalised a succession plan, which would involve dividing responsibility for running the various group companies between his two sons Ness and Jehangir Wadia.
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