Consumer durable products maker Bajaj Electricals on Tuesday elevated its Executive Director Anuj Poddar to Managing Director and Chief Executive Officer (CEO). The company has separated the post of Chairman & Managing Director and its patron Shekhar Bajaj will continue as Executive Chairman of the company, said a statement from Bajaj Electricals. "The separation of the Chairman and Managing Director positions is in continuation of the professionalisation of the management of the company and marks the company's commitment to strong corporate governance standards," said Bajaj Electricals. This announcement comes on the back of the ongoing transformation journey and keeping in mind the company's long-term strategy, it added. "Over the last three years, Bajaj Electricals has undertaken multiple initiatives, including strengthening of the leadership, streamlining of its corporate structure, the turnaround of its performance and balance sheet and the planned demerger of the EPC...