Manjushree Khaitan takes over as Kesoram chairman

B K Birla Group flagship Kesoram Industries on Friday said its board has re-designated Manjushree Khaitan, younger daughter of Basant Kumar Birla, as chairman of the company. Khaitan was Executive Vice-Chairperson of the company earlier.

The group's patriarch BK Birla, who had been chairman of the Kolkata-based company, passed away in Mumbai on July 3 at the age of 98. "The board of directors of the company at its meeting held today re-designated Manjushree Khaitan, Executive Vice- Chairperson, as Chairman of the board with immediate effect," the company said in a regulatory filing.

Khaitan has, with immediate effect, also relinquished her position as Executive Vice-Chairperson and will continue on the board as a non-executive director, the filing said.