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Archives

Top-level changes at Sundaram Fasteners

17/04/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Suresh Krishna, Arathi Krishna & Arundathi Krishna

Suresh Krishna to retire as MD,
pass on the baton to Gen Next 
 
After founding the company in 1964 and being at its helm since then, Mr Suresh Krishna is set to retire as the Managing Director of Sundaram Fasteners Limited on April 20 this year. He will, however, continue to be a Director and Chairman of the Board. 
 
A decision in this regard was taken by the Board of Directors of SFL, part of the $7.2-billion TVS Group, at a meeting held in Chennai on March 22.
 
The Board also decided that Ms Arathi Krishna, currently the Joint Managing Director of the company, will succeed Mr Suresh Krishna as the Managing Director. Deputy MD Ms Arundathi Krishna has been elevated to the post of Joint Managing Director. 
 
Both these changes will come into effect from April 20, 2018.
 
Mr Krishna took active interest in representing the voice of the industry.  He served as the President of ACMA during the years 1982-84 and as the President of the CII during the year 1987-88.  He was conferred with ‘Padma Shri’ by the Government in 2006 for his contribution to the industry.
 
Ms Arathi Krishna has served as the Joint Managing Director of the company since 2011, and has been on the Board since 2006.  Under her leadership, several new product lines were set up and stabilised leading to a robust growth and operating performance of the company.
 
Ms Arundathi Krishna has served as the Deputy Managing Director since 2013, and has been on the Board since 2008.  She oversees the operations of the domestic subsidiaries and the international subsidiaries in China and England.
 
A summer’s stint in the Human Resources Department of Sundram Fasteners (SFL) catapulted Ms Arathi Krishna, an Economics gold medalist from Madras University and Michigan University MBA, to the position of manager (business systems and strategy).
 
“At SFL, we had just decided to align with Japan Institute of Plant Maintenance and start working on total product maintenance (TPM) on the shop floor. I was the first person to meet Professor Yamaguchi and start the TPM journey for SFL,” she says. “It was an intense way to understand the ‘best in class’ shop floor practices. This has helped me through the years to walk the talk with my team, since the shop floor is what sets the tone for the organisation success.”
 
Krishna admits automotive manufacturing has always been a man’s world but the trickle of women entering the shop floor and reaching top rung in manufacturing industries has increased to a steady flow. 
Mr Suresh Krishna has been guiding the company for more than five decades and has immensely contributed to the growth and diversification of the company.  
 
He is also the Chairman of Lucas-TVS Limited. He serves as a Director of TVS Infotech Ltd and served as the Chairman of Sundaram-clayton Ltd. until July 23, 2008. He served as a Non-Executive & Independent Director of Sundaram-Clayton Ltd from May 23, 1979 to December 24, 2011. He served as an Independent Non-executive Director of Tata Steel Limited from 1994 to December 24, 2011. 
 
He served as a Director on the Central Board of the Reserve Bank of India from 2000 to 2006. He served as a Director of Tata Communications Limited (Alternative name Videsh Sanchar Nigam Ltd.) from May 2002 to March 21, 2006. He has been involved in several other public bodies set up by the central and state governments. 
 
He has won numerous awards and honours, including the Business India magazine's Businessman of the Year award in 1995. 
 

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