The Board of Directors of Gujarat Cooperative Milk Promoting Federation Ltd (GCMMF) has presented an extension to Rupinder Singh Sodhi, the incumbent Running Director of the Amul marketer, for a time period of six months.
The determination was taken at the Board’s conference held on Wednesday. BusinessLine had earlier claimed that the GCMMF Board was in favour of extending Sodhi’s term, instead than finding a successor instantly.
Resources confirmed that the Board of Directors has agreed on an extension for a time period of six months. On the other hand, there is no affirmation if a lookup committee would be set-up, in the meantime, to uncover Sodhi’s successor.
“Considering the Covid-19 situations and the impending monetary 12 months-ending, the board has made a decision to extend the term of Mr Sodhi for now,” Shamalbhai Patel, Chairman, GCMMF, told BusinessLine.
GCMMF marketplaces Amul manufacturer of foodstuff products and solutions, which include dairy products and solutions, edible oil, bakery, sweet products and solutions and prepared-to-consume products and solutions.
Just after using demand as the MD in 2010, Sodhi finished his initially 5-12 months term in 2015, which was prolonged by another 5-12 months term, which finishes on December 31, 2020.
An IRMA alumnus, Sodhi has strengthened Amul’s placement in world branded foodstuff sector with its turnover capturing up by virtually 5 situations from ₹8,005 crore in 2009-10 to ₹38,542 crore in 2019-20 and the team turnover of all eighteen member dairy unions of Amul Federation for all products and solutions set together has crossed ₹52,000 crore in 2020. Sodhi now eyes Amul Team turnover to touch ₹1-lakh crore by 2024-25.
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