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Thomas Cook India announces changes to its Board of Directors
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  • Appoints Madhavan Menon as Chairman & Managing Director
  • Sunil Mathur and NileshVikamsey as Additional Non-Executive Independent Directors

TCIL LogoNewZNew (Chandigarh) : Thomas Cook (India) Ltd, India’s leading integrated travel and travel related financial Services, at a meeting of its Board of Directors held today, announced the following:

  1. The appointment of Mr. Sunil B. Mathur as Additional Non–Executive Director (Independent) w.e.f. December 23, 2015. Mr. S. B. Mathur, a qualified Chartered Accountant, was Chairman of Life Insurance Corporation of India from 2002 to 2004; and post retirement, was appointed Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) by The Government of India till December 2007, on relinquishing charge.   Mr. Mathur is Non–Executive Chairman of The National Stock Exchange and has been nominated as a part–time member of IRDA. He is on the Board of several leading corporates, including, ITC, Havells, IL&FS, UltraTech Cement, Indian Mortgage Guarantee Corporation.  Mr. Mathur was Secretary General of Life Insurance Council from May,2012, until relinquished in August,2012.
  1. The appointment of Mr. Nilesh S.Vikamsey as Additional Non–Executive Director (Independent)w.e.f. December 23, 2015. Mr Vikamsey is a Member of the ICAI since 1985 and a Senior Partner in KhimjiKunverji& Co, Chartered Accountants since 1985; also an elected member of the Central Council of the ICAI (2013-2016) and Director of The Federal Bank Ltd, IIFL Holdings Ltd, SBI life Insurance Company Ltd, etc.
  1. Considered and accepted the resignation of Mr. Mahendra Kumar Sharma, Non–Executive Chairman (Independent) w.e.f. close of business hours of December 31, 2015. The Board expressed sincere appreciation for the valuable contribution and services rendered by Mr. Sharma and thanked him for his guidance and support over the years. The Board also highlighted his immense contribution in both regulatory and legal fields.
  1. Appointed Mr. Madhavan Menon as Chairman and re-designated him as Chairman and Managing Director w.e.f. January 1, 2016.

Commenting on the announcements, Mr. Prem Watsa, Chairman & CEO, Fairfax Financial Holdings Ltd., said, “I am delighted to welcome our new Additional Non-Executive Independent Directors- Mr. Sunil Mathur and Mr. NileshVikamsey; their expertise and experience will certainly add valuable guidance and support to The Thomas Cook India Board.”

He added, “Mr. Sharma has played a pivotal role as Chairman and we are deeply grateful for his immense contributions: his insights and direction have always been of the highest order.”

Mr. Watsa concluded by stating, “Mr. Madhavan Menon, having steered the Company admirably as Managing Director since 2006, will now take over as Chairman & Managing Director of Thomas Cook (India) Ltd. He enjoys our full confidence and faith and we wish him continued successes in his new role.”

CP Singh
CP Singhhttp://www.cpgrafix.in
I am a Graphic Designer and my company is named as CP Grafix, it is a professional, creative, graphic designing, printing and advertisement Company, it’s established since last 12 years.

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