16 February 2011

Mr. Kapil Kapoor appointed as Chairman of Board of Directors of Timex Group India

NEW DELHI (February 16, 2011) – The Board of Directors of Timex Group India Ltd. announced the appointment of Mr. Kapil Kapoor as Chairman of Board at their Board Meeting held today in New Delhi (Mr. Kapoor is also the COO – Global Business Development of Timex Group, USA).

Mr. Kapoor has been holding the position of the Vice Chairman of the Board of Director for Timex India since January 2009 after running the Operations of Timex India as its Managing Director during 2000-2008. He is credited with leading the turnaround of the Indian operation.

Timex Group India is a public listed Company with listing on Mumbai Stock Exchange. The company is governed by the Board of Directors comprising of 7 directors which includes Mr. Raghu Pillai, who is currently serving as CEO and Member Executive Board at Future Group; Ms. Gagan Singh is serving as Deputy Chief Executive Officer of Jones Lange Lasalle Meghraj (JLLM); Mr. Pradeep Mukherjee, a career HR professional who has been associated with Citigroup in various positions across the globe, Mr. Daya Dhoan, a seasoned management professional and a former chairman and Managing Director of Minerals and Metals Trade Corporation and Bharat Coppers Limited, Mr. Frank Sherer, Timex Nominee on the Board and Mr. V D Wadhwa, the Managing Director.

Mr. Kapoor began his career 24 years ago with Nestle and then moved on to Bausch & Lomb where he was part of the start up team that launched Ray Ban sunglasses and the Bausch & Lomb vision care range in India. He subsequently went on to manage the overseas marketing territories of Russia, Ukraine and East Africa in addition to the SAARC region and then lived in Thailand for 5 years running the company’s SE Asia operations. An MBA from IIM-Ahmedabad, Mr. Kapoor holds a bachelor’s degree in Economics from Delhi University.