Priyadarshini spinning appoints new operations head
Hyderabad: Cotton and synthetic yarn maker and marketer Priyadarshini Spinning Mills has announced the appointment of Shashidhar S. Hiremath, as the operation head for its garment division "apparelone".

Shashidhar will focus on quality and productivity. Before joining Priyadarshini, Shashidhar was with Shri Guru Apparels Private as general manager.
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Study finds major top level churn in India Inc
New Delhi: A study done by global executive firm Ema Partner International has found that in the past five years 66 per cent of companies in India have changed their CEOs, with MNCs having the highest percentage at 86 per cent.

The firms expects the attrition rate to go up, especially in sectors like financial services, ITeS and BPO, which are in the process of maturing. The study said a mature sector like manufacturing will also see changes as many of the stable CEOs, who had been at the helm for a long period, will retire in the next few years.

The manufacturing sector will have to look at younger people as replacements for the old guard who are set to retire in the near future.

Even emerging sectors like retail could have an impact on the rate of change of CEOs as it would try to poach experienced people from sectors like FMCG and telecom.

The Ema study said CEO changes in India were primarily led by resignations (41 per cent) or retirement (24 per cent).

While the CEO resignations are mainly on account of better opportunities, many of the firms in India are not yet as forthcoming in disclosing the exact reasons as their western counterparts.

As far as replacement for CEOs are concerned, in the manufacturing sector 82 per cent of the companies had internal replacements although IT/ITeS sector relied on external appointment (73 per cent), the study said.
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