Sterlite Tech [BSE: 532374, NSE: STRTECH], an end-to-end global technology leader in smarter digital networks, today announced the appointment of Kumud Srinivasan from Intel Corporation to its Board of Directors with effect from May 22, 2018.
Kumud is Vice President and Director of Non-Volatile Memory Fab Manufacturing and Automation Systems at Intel Corporation. She has spent 30 years at Intel in US, leading multiple global functions, prominent ones being R&D for technology manufacturing, industrial automation and Internet of Things for manufacturing facilities. From 2012 to 2016, she served as President for Intel India.
As a Non-Executive and Independent Director, Kumud will be on Sterlite Tech’s Board for a term of five years, from the date of appointment.
“We are delighted to welcome Kumud to our Board of Directors and look forward to her guidance,” said Dr Anand Agarwal, CEO, Sterlite Tech. “Drawing on extensive experience with Intel in various lead positions, Kumud will provide fresh insights to our technology and business priorities as we continue to transform our business with new market entries and unified data network offerings.”
Presently based in Portland, USA, Kumud graduated in Economics from Calcutta University. She followed this up with an MLS, School of Information Studies, Syracuse University before pursuing a doctoral programme at the School of Information Studies in University of California, Berkeley.
“Kumud is a very strong technology leader with valuable experience in the US, China and India. Her experience in key industry domains including Internet of Things, R&D, manufacturing and semi-conductors will be invaluable to us as well as our customers globally,” said Pravin Agarwal, Vice Chairman, Sterlite Tech.
The Sterlite Tech Board also noted and accepted the resignation of Avaantika Kakkar, Non-Executive and Independent Director. The Board thanks Avaantika for her immense contribution to the company during the period she served on the Board from December 2014 till May 2018.
About Sterlite Technologies:
Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software. The Company has global scale manufacturing facilities in India, China & Brazil and two Software Delivery Centres in India. Sterlite Tech is home to India’s only Centre of Excellence for broadband research and Centre for Smarter Networks for next generation network applications. Projects undertaken by the company include intrusion-proof smarter data network for the Armed Forces, rural broadband for BharatNet, Smart Cities’ development, and establishing high-speed Fibre-to-the-Home (FTTH) networks. For more details, visit www.sterlitetech.com
Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies’ expected financial position, business strategy, the future development of Sterlite Technologies’ operations and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies’ present, future business strategies, and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in Government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies’ industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com.
