Pidilite appoints Sudhanshu Vats as its new deputy MD
Vats’s appointment as deputy MD is thought to be part of a strategy to position Pidilite for the future.
According to sources, Pidilite is growing in size and complexity, with over 15 domestic and international subsidiaries and a growing number of verticals.
Bharat Puri, the managing director of the company, will retire in 4 years. Vats has worked with companies such as -- Unilever, Castrol, Viacom18, and Essel Propack.
Bharat Puri, CEO of Pidilite, said in a statement that Vats experience and passion for building a sustainable growth business will be a valuable asset in developing the Pidilite of the future.
Ronesh Puri, Managing Director of Executive Access India Private Limited, believes that having two leaders is a growing trend that will benefit organisations in an increasingly complex environment.
The days of a single all-powerful CEO are likely to fade away, as too much reliance on one person can be dangerous in today's uncertain environment. It is becoming a more collaborative, interdependent world, with significant benefits if the two work together closely, with mutual trust and respect, he added.
However, the concept of a joint MD, as well as an MD and a deputy MD, is not new.
Hindustan Unilever had two managing directors at one point, one for food and the other for home and personal care.
Godrej Consumer Products has a CEO for India and Saarc, Sunil Kataria, who will take over as MD and Chief Executive Officer in October.
Sajjan Jindal is the CMD of JSW Steel, while Seshagiri Rao is the joint MD and Vinod Nowal is the deputy MD.