The Board of Directors of Voltas Limited, at its Meeting held on October 16, 2017 based on recommendation of the Nomination and Remuneration Committee (NRC), appointed Mr. Pradeep Bakshi, Executive Director of the company as Managing Director & CEO (designate) with effect from 16 October, 2017. Mr. Pradeep Bakshi will takeover from Mr. Sanjay Johri as the Managing Director of the Company with effect from 10 February, 2018 for a term upto 31 August, 2020. The Board has also based on recommendation of NRC appointed Anil George, Executive Director as the Deputy Managing Director (designate) with effect from 16 October, 2017 and as Deputy Managing Director with effect from 10 February, 2018, for a term upto 31 August, 2020.