Maruti Udyog joint MD J Sugimori resigns

Maruti Udyog Ltd's joint managing director Junzo Sugimori has resigned from the country's largest car making company.

Sugimori tendered his resignation and it was accepted by the board at its meeting held on Thursday, MUL informed the Bombay Stock Exchange in Mumbai on Friday.

Hirofumi Nagao, erstwhile executive director (administration) has been elevated and appointed as a whole time director re-designated as joint managing director following the resignation of Sugimori.

The appointment of Nagao was subject to shareholders' approval, it added.

• The Maruti Saga