
Management Change6 Jul 2026, 09:00 pm
Mamata Machinery CEO Apurva Kane to Retire; Rajashekar Venkat to Succeed
AI Summary
Mamata Machinery Limited announced a planned leadership transition. Mr. Apurva Kane will retire as CEO effective October 1, 2026, after over 41 years with the company, and will continue in a mentorship role. Mr. Rajashekar Venkat, currently President, will be elevated to Chief Executive Officer. Venkat brings over 28 years of experience in capital equipment companies, including previous roles at Kennametal, Markem-Imaje, Mettler Toledo, and Domino Printing. The company, a provider of flexible packaging machinery solutions, expressed gratitude to Mr. Kane for his extensive contributions and looks forward to Venkat leading its operations and strategic priorities.
Key Highlights
- CEO Apurva Kane to retire Oct 1, 2026, after 41 years.
- President Rajashekar Venkat appointed new CEO.
- Kane to continue in a mentorship role.
- Venkat has 28+ years of experience in capital equipment.
- Smooth leadership transition planned.
Price Impact
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