Mr.W.M.Sutherland, Chief Operating Officer has resigned from the services of the company due to personal family reasons. The Board has accepted his resignation and Mr.Sutherland will be returning to UK on 3rd February 2010.

The Board has promoted Mr.Sreekumar Nair as the General Manager of the company effective from 1st January 2010.

Mr.Sreekumar Nair is an Indian national and has been in service with the company for more than 24 years. During his long tenure with the company he has worked in various positions and is currently the Manager of the company.

In his new role as General Manager, Mr.Sreekumar Nair would be responsible for further consolidation and growth of the company’s position in the market and identify avenues for future exports.