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AXISCADES TECHNOLOGIES LIMITED Board/Management Information 2019
61656_rns_2019-02-02_cd273a3e-77e7-4c1a-957e-8f975e1878fd.pdf
Board/Management Information
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February 2, 2019
The Manager Listing Department BSE Limited Phirozee Jeejeebhoy Tower, Dalal Street Mumbai 400 001 BSE Scrip Code: 532395
The Manager Listing Department The National Stock Exchange Limited Exchange Plaza, 5 Floor, Plot C/1, G Block Bandra - Kurla Complex, Bandra(E), Mumbai 400 051 NSE Symbol: AXISCADES
Dear Sir,
Sub.: Press Release - AXISCADES Appoints David Bradley (former Assystem Executive President) and Ajay Lakhotia as Non Executive Directors Vice
Enclosed please find a Press Release w.r.t. AXISCADES Appointing David Bradley (former Assystem Executive Vice President) and Ajay Lakhotia as Non Executive Directors on the Board of the Company.
The intimation on the same has been submitted to the Stock Exchanges.
The same is also available in the website of the company www.axiscades.com.
Yours truly, For AXISCADES Engineering Technologies Limited
Shweta Agrawal Company Secretary
AXISCADES Engineering Technologies Limited (formerly Axis-IT&T Limited)
CIN No.: L72200KA1990PLC084435
Block C, Second Floor, Kirloskar Business Park, Bengaluru - 560 024 Karnataka INDIA Ph: +91 80 4193 9000 Fax: +91 80 4193 9099
Reg. Office : Block C, Second Floor, Kirloskar Business Park, Bengaluru - 560 024 Karnataka INDIA Ph: +91 80 4193 9000 Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com
AXISCADES Appoints David Bradley (former Assystem Executive Vice President) and Ajay Lakhotia as Non Executive Directors
Bengaluru, 2 Feb 2019: AXISCADES Engineering Technologies Ltd., (AXISCADES), India's leading Product Engineering Solutions company today announced the appointment of Mr. David Bradley and Ajay Lakhotia as Non Independent and Non Executive Directors of the Company based on the recommendations of the Nomination and Remuneration Committee of the Board.
The appointment of Mr. David Bradley is for a period of three years, subject to the approval of shareholders and is effective from the date he received his Director Identification Number (DIN).
Until recently, Mr. David Bradley served as Executive Vice-President of Global Product Solutions at Assystem and managing a business of USD 750Mn. He was instrumental in developing and scaling several accounts into USD 50+Mn relationships. He also served as a Member of the Management Board of Assystem since December 13, 2007 and was CEO of Assystem UK Ltd. Assystem is currently known as Assystem Technologies, has a presence in 25 countries with 14,000 + employees and with 2017 revenues of Euro 1bn.
Mr. David Bradley started his career in commercial vehicle design in the areas of advanced robotics and automation division (Taylor Hitec). Following a merger with Ricardo International, he was appointed Deputy Managing Director of Ricardo Hitec expanding his responsibilities to cover Ricardo Hitec's Aerospace and Nuclear activities.
During his career he previously participated in various industry associations including Society of British Aerospace Companies Engineering & Technical Board (SBAC) and Nuclear Industry Association (NIA) including being elected as a fellow of Institute of Mechanical Engineers (IMechE) and holds an MBA from the Warwick University.
Welcoming Mr. David Bradley to the Board, Mr. Srinath Batni, Chairman of Nomination & Remuneration Committee of the Board said, "We are thrilled to have David on the Board of AXISCADES. His entrepreneurial experience, extensive global exposure in growing, scaling and managing Engineering Design business, organizational transformation and successful adoption of technologies will be a boon to the Company."
Ajay Lakhotia a veteran Venture Capitalist in Technology Sector with investments across ecommerce, IOT and Automation Sector will be taking up Board Seat to help strategize Company entry into new areas.
About AXISCADES Engineering Technologies
AXISCADES is India's leading product engineering solutions company catering to the futuristic needs of aerospace, defence, heavy engineering, automotive, energy, medical & healthcare
sectors. Its proven technology products and services, coupled with industry best practices, enable global OEMs to create innovative, sustainable, safer and smarter products.
The company has more than 2,300 engineers worldwide, offers solutions in mechanical engineering, embedded software and hardware, system integration, manufacturing and aftermarket solutions across domains addressing every stage of product lifecycle development. Headquartered in Bengaluru, AXISCADES has 14 engineering centers worldwide including North America, Europe and Asia.
More information: www.axiscades.com| Twitter: @AXISCADES
| Chief Financial Officer |
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| Kaushik SarkarAXISCADES Engineering Technologies Ltd.Email : [email protected]Tel: +91 80 4193 9000 |
Safe Harbor
Certain statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Important developments that could affect the Company's operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.
AXISCADES Engineering Technologies (AXISCADES) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.