Emami Paper Mills on Friday said its CEO P S Patwari has resigned with effect from April 1. Also, the company said it has appointed Vivek Chawla as the New Chief Executive Officer (CEO).

“Resignation of P S Patwari, executive director, from the post of chief executive officer of the company, was accepted by the board of directors with effect from April 1, 2021,” Emami Paper Mills said in a regulatory filing. The company also announced the elevation of Chawla. “Vivek Chawla, the whole-time director, was elevated as whole-time director and chief executive officer of the company… effective April 1, 2021,” Emami Paper Mills added.

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Shares of Emami Paper Mills were trading 9.99 per cent lower at Rs 138.30 apiece on BSE.

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