Lotte India MD resigns
Chennai: N.C. Venugopal, managing director of Lotte India Corporation has submitted his resignation from the company with effect from February 28, 2006. The board of directors has accepted his resignation at its meeting held on February 17, 2006.

Venugopal said that his two-year contract with Lotte was coming to an end and he chose not to renew his contract. He described his stint at Lotte as very good exposure with the company seeing 20 per cent growth year- on-year with a spate of new launches.

Venugopal earlier headed Parrys Confectionery before it was taken over by the Korean company. Lotte India already has a joint MD, Indo Hwang.
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