New Delhi: Farm equipment maker Escorts today said it has appointed Ravi A Menon as CEO of its agri machinery business.
He would take over the charge from S Sridhar who would now head Escorts Construction Equipment (ECE), a company statement said.
Sridhar will now focus on ECE to leverage emerging business opportunities, it added.
Commenting on the development, Escorts Ltd Chairman Rajan Nanda said: “Menon’s induction brings cross-industry experience and a strong understanding of the different aspects of enterprises and Sridhar’s movement to ECE would help further strengthen the process of integration in key areas.”
Escorts Ltd MD Nikhil Nanda said: “We are focusing on improving operational efficiency across businesses. We are strongly focused to strengthen our manufacturing and product development capabilities, enabling us to aggressively address our markets and customers at the front end”.
Escorts group operates in sectors such as agri machinery, material handling and construction equipment, railway equipment and auto components.