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Hinduja Group firm Ashok Leyland today said Non-Executive Vice-Chairman R Seshasayee has resigned from the board with effect from July 28.
“R Seshasayee, Non-Executive Vice-Chairman of the company, has resigned from the board of directors of the company with effect from July 28, 2016,” the company said in a BSE filing.
It did not state any reason thereof.
Considered as one of the industrial icons in Tamil Nadu, Seshasayee has held various positions at the heavy commercial vehicle manufacturer.
A chartered accountant, Seshasayee began his career with Hindustan Lever in 1971. He joined Ashok Leyland in 1976 and was elevated to become Executive Director (Finance) in 1983.
He was Deputy Managing Director in 1993 and went on to become MD in 1998.
In 2011, he became Executive Vice-Chairman of Ashok Leyland and later Non-Executive Vice-Chairman.
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