Viren Joshi appointed CEO

The Board of Directors are delighted to announce that Viren Joshi has been appointed as our new Chief Executive Officer by unanimous vote of the Board. Mr. Joshi will join the Company on June 18th, 2012.

Mr. Joshi has over 30 years experience leading global manufacturing and engineering companies based in India, Asia, the Middle East and Europe. He has previously successfully served as the CEO / Managing Director of several multi-national organizations including Parker Hannifin, Smiths Titeflex, Kirby Building Systems and ISPL Industries. At Parker Hannifin, Mr. Joshi served for over 14 years and set up the company’s operations in India and established it as the brand leader in the fluid power market. Mr. Joshi’s extensive experience also includes establishing manufacturing plants for pneumatics, hydraulics, hose assembly, connectors, and valves.

Mr. Joshi holds a post-graduate qualification in Management and a bachelor’s degree in Mechanical Engineering, both from Mumbai University. He and his family reside in Pune.