Page Industries Rises Nearly 5% After Appointing V S Ganesh As CEO

Shares of Page Industries, maker of popular innerwear brand Jockey, rose as much as 4.61 per cent to hit an intraday high of Rs 28,831.35 on the BSE a day after the company announced that it has appointed V S Ganesh as executive director & chief executive officer of the company for a period of five years effective June 1, 2021. “Consequent to the elevation of Mr Ganesh to Executive Director & CEO, the Board has shortened his present term of Executive Director – Manufacturing and Operation to the closing hours on May 31,” Page Industries said in a stock exchange filing. (Track Page Industries share price here)

“I am delighted to welcome Mr Ganesh, I have no doubt that Mr Ganesh would exceed all our expectations in the role of CEO and that the company will continue remain in excellent hands. I believe Mr Ganesh has the right leadership skills & qualities to succeed Vedji and also drive the Company’s growth to the next level,” Sunder Genomal, Managing Director of the company said in a statement.

“V S Ganesh, executive director – manufacturing & operations, joined Page on June 9, 2014 as senior vice president – manufacturing and operations. He has 30 years of rich experience and has worked in top leadership capacities in Page and other reputed organizations. Prior to joining Page, Mr Ganesh has had both top & bottom line and organization development responsibilities in his capacity as CEO in fairly large apparel MNCs,” Page Industries said in an exchange filing.

“l am excited and deeply honoured for having been invited to lead Page Industries, a company with rich heritage, culture and built on strong values. I look forward to working closely with the Board, Leadership Team and the hugely talented employees in the journey of building a better tomorrow for all our stakeholders,” Mr Ganesh said while thanking the board.

As of 12:02 pm, Page Industries shares traded 4 per cent higher at Rs 28,660, outperforming the Sensex which was up 0.4 per cent.