Appointment of Chief Executive Officer Viren Joshi

Garner, NC, August 09, 2012 --(PR.com)-- Viren Joshi has been appointed as the Chief Executive Officer of M/s Sigma Electric by unanimous voting by its Board of Directors, effective June 18, 2012.

With over 30 years experience leading global manufacturing and engineering companies based in India, Asia, the Middle East and Europe, Joshi is an asset to Sigma Electric.

Prior to this assignment, Viren has successfully managed several multi-national organizations as the CEO / Managing Director. At Parker Hannifin, Viren Joshi served for over 14 years and set up the company’s operations in India and South Asia and established it as the brand leader in the fluid power market.

Joshi holds a bachelor’s degree in Mechanical Engineering and post graduate qualification in management, both, from Mumbai University.

“We are extremely pleased to welcome Viren Joshi to Sigma as our new CEO,” stated Sajjan Agarwal, Founder, Sigma Electric. “His deep career experience will help Sigma execute and achieve the growth plans and strategic initiatives that we are all focused on.”

About Sigma Electric

Sigma Electric is a high quality manufacturer of cast metal parts and assemblies for the electrical, utility, durable goods, and transportation markets across the globe. Sigma has manufacturing facilities in Pune and Jaipur and a distribution facility in Garner, North Carolina.

Goldman Sachs Capital Partners holds a majority stake in the company.