MAM
Grey merger with WPP may come to effect on 7 March
MUMBAI: Grey Global Group Inc. has announced that the tentative date of the previously announced merger with the WPP Group plc to come in effect will be 7 March, 2005. The proposed merger is subject to the requisite approval of the stockholders of Grey Global Group and the satisfaction or waiver of other closing conditions set forth in the merger agreement.
These announcements are being made pursuant to Section 11.01 of the Indenture, dated 28 October, 2003, governing Grey Global Group Inc.’s five per cent contingent convertible subordinated debentures due 2033 (the “Debentures”) and pursuant to the merger agreement between Grey Global Group and WPP.
The proxy statement/prospectus related to the proposed merger, together with the form of election for use in electing whether to receive cash, WPP shares or a combination of cash and WPP shares in the proposed merger, was mailed to Grey Global Group stockholders beginning on 2 February, 2005.
Brands
Samsung India elevates Aditya Babbar to lead mobile business
Exec takes charge of MX sales and marketing after Raju Pullan’s exit
NEW DELHI: Samsung India has elevated Aditya Babbar to lead its mobile phone business, following the exit of Raju Antony Pullan.
Babbar, who previously served as vice president within the mobile division, has been appointed head of sales and marketing for the MX (mobile experience) business, effective May 1. In his new role, he will oversee the company’s sales and marketing operations for smartphones and related categories in India, reporting to the executive vice president of the MX business.
A long-time Samsung executive, Babbar brings over a decade of experience within the organisation, having held multiple leadership roles across product, marketing and category management. Most recently, he led product marketing and e-commerce for the mobile division, following earlier stints as head of product and marketing and senior director roles.
His career within Samsung Electronics and its India operations has also included responsibilities for flagship devices, tablets and wearables, giving him a broad view of the company’s premium and mass-market portfolio.
Babbar succeeds Pullan, who stepped down from the role, marking a leadership transition at a time when India remains a key battleground for global smartphone makers.
The appointment signals continuity within Samsung’s leadership bench, with an internal candidate stepping up to steer one of its most critical business units in a highly competitive market.
