Air conditioner maker Daikin Industries has elevated its Indian operation head Kanwaljeet Jawa to its global board. With this, Daikin India CEO & MD Kanwaljeet Jawa will be the first Indian to be part of 10 member board council of $20 Bn Daikin Industries, Japan that will steer the future of the company.
Confirming the development, Toshio Nakano, Chairman Daikin Air-conditioning India stated, “This is a move as per the Daikin corporate governance code, urging us to make boards more open to gender balance and people with international backgrounds”.
Kanwaljeet had joined Daikin in 2010 as the COO and was later elevated as the MD & CEO of the Indian subsidiary.
Institutional investors and shareholders of the company are also supporting Daikin’s approach that supports boardroom diversity, imperative to operating global organizations in a border-less world, Toshio Nakano added.
“Jawa has been the change agent for Daikin India’s turnaround since 2010, and we are happy to promote him and bestow additional responsibilities that mirror Daikin’s vision & goals going forward,” Nakano said.
Founded in 1924, Daikin has over 90 worldwide production bases and its product are sold in over 150 countries. Under Kanwaljeet’s leadership, Daikin India has become a full-scale HVAC organization powered by a local R&D facility, Japan Institute of Manufacturing Excellence (JIM) with a 40 acre super HVAC manufacturing facility in Rajasthan. In the FY 2017-18, Daikin India had a turnover of Rs 3,250 Cr.