Walchandnagar Industries Ltd. has announced that the board of directors of the company at its meeting held on August 13, 2012, has approved the appointment of G. K. Pillai, chief operating officer as additional director u/s. 260 of the Companies Act, 1956 and further re-designated as managing director and chief executive officer for a period of 5 years with effect from November 25, 2012, on expiry of terms of appointment of J. L. Deshmukh, managing director & chief executive officer of the company.