Business
Whirlpool India, at the time of BSE filing disclosed that the Board of Directors by circular resolution have taken note about Arvind Uppal's decision to step down.
Updated : May 25, 2017, 01:24 PM IST
Home appliances maker Whirlpool of India on Thursday said Arvind Uppal will step down as President - Asia Pacific of its parent Whirlpool Corporation with effect from January 1, 2018.
Uppal, however, will continue to be the Chairman and Non Executive Director of Whirlpool of India.
"The Board of Directors of the company have on May 25, 2017 by circular resolution taken note of Arvind Uppal's decision to step down from employment of the company with effect from January 1, 2018," Whirlpool of India said in a BSE filing.
Shares of the company were trading 1.15% down at Rs 1,135 on BSE in morning trade.