Union Textile Industries Public Company Limited has announced that S K Sharma, deputy general manager (finance & accounts) has been entrusted with the functions of chief financial officer (CFO) with effect from February 27, 2013 in place of Vivek Sanghi, who ceased to be the director & chief operating officer & CFO as resignation. The appointment of S K Sharma as CFO has been approved by audit committee at its meeting held on February 27, 2013.