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V D Wadhwa takes over as MD of Timex Group India

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V. D. Wadhwa - Managing Director, Timex india Limited.
V. D. Wadhwa - Managing Director, Timex india Limited.

Mr V D Wadhwa has taken over as the new Managing Director and CEO of Timex Group India Limited, a subsidiary of Timex Group USA, designers and manufacturers of watches and jewellery.

The decision was announced here today after a meeting of the company's Board of Directors. Mr Wadhwa succeeds Mr G Kannan, who has resigned.

According to a press release from Timex, Mr wadhwa is an alumnus of Harvard Business School and a fellow of the Institute of Company Secretaries of India. He has been associated with Timex India since its inception in various capacities and is largely credited with the re-establishment of its entire distribution and retail base after the split of the company's joint venture with the Tatas.

The release said he subsequently played a major role in the profitable turnaround of Timex India's operations. Before taking over as the MD, he was responsible for the company's business development initiatives and was involved with several global assignments for business restructuring.

"We are delighted to have a seasoned watch industry professional like Mr Wadhwa take over charge as Managing Director," Mr Kapil Kapoor, COO, Times Group USA, and Vice-Chairman of the Board of Directors of Timex India, said.

"We are confident that with his expertise and experience of the watch industry as well as long association with the Timex brand, Timex would continue on its growth trajectory, with its strong multi-brand portfolio and a robust profit model in place," he added.

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