Ajay Kapila quits Electrolux

Ajay Kapila quits Electrolux

Author | Source: The Economic Times | Thursday, Aug 25,2005 7:23 AM

Ajay Kapila quits Electrolux

Ajay Kapila, former sales & marketing head of Electrolux India, is packing his bags for Dubai. He is tipped to join consumer electronics major Jumbo as a divisional head.

Though it is not yet clear as to which business he will head, sources say it could be home appliances. Kapila has been in talks with Jumbo for some time now and the announcement is likely to happen in the next few days. Jumbo Electronics CEO, Arvind Nair, declined to comment on the development. “I am not in Dubai at this moment, and you should call me in a couple of days,” he said. Kapila could not be contacted.

Kapila joined Electrolux at a time when the company was in a financial mess with huge accumulated losses. Sources say the Jumbo assignment was finalised in May, but Kapila bargained for some time to wrap things up at Electrolux. during the transition period when the company was being merged with Videocon.

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