R Seshasayee; Ashok Leyland’s Non-executive Vice Chairman resigns

By: | Updated: July 29, 2016 5:29 PM

Ashok Leyland's Non-executive Vice Chairman, R Seshasayee has resigned from his post.

Ashok leyland, R. Sheshasayee, infosysR Seshasayee became the Executive Vice Chairman of Ashok Leyland in 2011 and continued working the post till he announced his retirement. (Reuters)

Ashok Leyland’s Non-executive Vice Chairman, R Seshasayee has resigned from his post. Seshasayee, a Chartered Accountant by qualification, started his career in 1971 with Hindustan Lever. He had held Directorship of ICICI Bank Ltd. from May 6, 1997 to October 31, 2003. During that tenure, he also held the position of Chairman of the Audit Committee of the Board. Seshasayee has also been member of various Committees of the Society of Indian Automobile Industries. He was also a former President of the Confederation of Indian Industry.

Seshasayee joined Ashok Leyland in 1976, rose to the position of the Executive Director of Finance in 1983 and was promoted to Deputy Managing Director in 1993 and Managing Director in 1998. He became the Executive Vice Chairman of Ashok Leyland in 2011 and continued working the post till he announced his retirement.

As a member of Government of India delegations, Seshasayee actively participated in the Doha Ministerial Round of WTO in 2001 and the Hong Kong Ministerial at Hong Kong in 2005. Seshasayee co-chaired the World Economic Forum – Middle East during 2007. Last year, Seshasayee was apointed as the non- executive chairman of Infosys, after K V Kamath quit from the board. Seshasayee, had previously been a member of the Infosys board since 2011 as an independent director.

Seshasayee has been honoured with many prestigious awards, including the Star of Italian Solidarity award from the Italian Government, Sir Jehangir Ghandy Medal for Industrial, and was presented with the Lifetime achievement award from the Institute of Chartered Accountants of India.

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