Varroc, a leading global tier-1 automotive supplier, announced the appointment of Dr. Karl-Heinz Glander as the Head of R&D for the Business II. Dr. Glander will play a pivotal role in driving the Company's innovation and technology strategies, reinforcing Varroc's commitment to delivering cutting-edge solutions for the automotive industry.
In his new role, Dr. Glander, based out of Germany will oversee the R&D activities for Business II and report to Mr. Dhruv Jain, CEO, Varroc Business II. He will be responsible for developing advanced technology such as Advanced Driver Assistance System (ADAS), Driver Monitoring System (DMS) & Driver and Occupant Monitoring System (DOMS), cockpit electronics, video telematics, fleet management systems for the automatic industry etc. His leadership will be key in driving Varroc Business II's R&D strategy, fostering a culture of innovation, and enhancing the company's competitive edge in the global market.
Commenting on the appointment, Mr. Dhruv Jain, CEO, Varroc Business II, said, "At Varroc, we are constantly striving to push the boundaries of innovation and technological excellence. The appointment of Dr. Karl-Heinz Glander as our new Head of Research and Development for Business II marks a significant step forward in our journey. His expertise in the automotive sector will be instrumental in driving our R&D efforts forward. I am excited to welcome Dr. Glander to the Varroc family."
On his appointment Dr. Karl-Heinz Glander, Head-R&D, Varroc Business II said, "With great excitement and enthusiasm, I embraced this outstanding opportunity when I learned about Varroc's ambitious and challenging plans to enter innovative markets related to active and integrated safety, such as Advanced Driver Assist Systems and Driver/Cabin Monitoring Systems. Additionally, the increasing integration of connected services within vehicles, which enhance the infotainment and overall user experience for both drivers and passengers, truly captivated me. I am thrilled to contribute to Varroc's journey by leveraging my background in active and passive safety, as well as in the navigation business."
Dr. Glander holds a Ph.D. in Physics from the University of Bonn, Germany and brings 20 years of experience in the automotive sector. He has extensive expertise in research and development, particularly in advanced technology, product innovation, and series development for mass production. Additionally, Dr. Glander is an intacs™-certified Provisional Assessor for Automotive SPICE®, with profound knowledge of process-oriented development within the automotive industry, especially concerning agile and classic project management, ASPICE, ISO 26262 (Functional Safety for Automotive), and ISO/SAE 21434 (Cybersecurity of vehicle electronic systems), among others. Before joining Varroc, he was associated with Companies such as Aptiv, ZF Automotive/TRW, and Siemens VDO/Continental.
Shares of Varroc Engineering Limited was last trading in BSE at Rs. 563.05 as compared to the previous close of Rs. 582.85. The total number of shares traded during the day was 22382 in over 1416 trades.
The stock hit an intraday high of Rs. 590.65 and intraday low of 561.50. The net turnover during the day was Rs. 12809452.00. |
