Gautam Chatterjee to takeover as Exide MD

Gautam Chatterjee, joint managing director of Exide Industries - the oldest and the leading automobile battery company in India - is taking over as the managing director and CEO.

Chatterjee will be third MD and CEO of Exide after the chairman and MD post was bifurcated in 2007. S B Ganguly was the last CMD of the company.

Chatterjee will be replacing P K Kataky who will retire on April 30. Chatterjee was appointed by the board of directors of the storage battery giant on April 27 for a period of 3 years. He has been a member of the board as executive director of the company since May 13, 1996. He was also instrumental to make the Haldia unit of Exide as one of the leading battery manufacturing facilities in India. He was earlier heading the automobile strategic business unit and driving this division for 3 years.

Prior to that he used to head the industrial division of Exide Industries. He was also instrumental in expanding the Haldia unit. According to Exide insiders, Chatterjee has a unique distinction of a manufacturing 'guy' who knows marketing as well.

Chatterjee holds an engineering degree from the Regional Engineering College, Durgapur and also holds a post graduate diploma in business administration from IIM, Ahmedabad.

Exide has witnessed a jump in net profit to Rs 177.6 crore in the fourth quarter of 2015-16 from Rs 137.6 crore in 2014-15. The turnover has gone up to Rs 1756.3 crore in the last quarter of 2015-16.

(This news story is from The Economic Times)