Bata Elevates Ram Kumar Gupta as Chief Financial Officer

New Delhi: Footwear company Bata India on Wednesday announced the elevation of Ram Kumar Gupta as its Director - Finance and Chief Financial Officer.

The board of the company, in its meeting held on Wednesday, approved "appointment of Ram Kumar Gupta as the Director - Finance and Chief Financial Officer of the company with effect from August 19, 2015, for a period of five years," Bata said in a BSE filing.

Mr Gupta's appointment comes after Ranjit Mathur resigned from the post of CFO and Director - Finance of the company.

He was on board of Bata Properties Ltd and Coastal Commercial & Exim Ltd, wholly-owned subsidiaries of Bata India.

Mr Gupta's appointment would be subject to approval of the shareholders at its general meeting, it added.

Mr Gupta had joined Bata in 1986 and has worked in different positions.