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Golam Murshed, CEO and managing director of Walton Hi-Tech Industries, has left the company. He told the media on Wednesday that he did not want to extend his three-year tenure as the top executive of Walton, which ended on 8 October.
“I became the managing director of Majesto Limited after working at Walton Hi-Tech. My goal is to create a global furniture brand that provides innovative, high-quality products while prioritizing sustainability,” he explained.
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Majesto, a family business owned by Murshed, plans to construct a furniture factory in Narayanganj on a 20-acre land. Murshed anticipates commencing operations at the site within one year.
The Walton Hi-Tech board will have a meeting soon to discuss the managing director position, as stated by their public relations department.
Murshed, a young engineer, began working at the Walton factory in 2010 as the production in-charge. Over time, he rose through the ranks and became the top executive in 2020. He successfully led multiple new projects for the homegrown electronic appliance company.
He was also leading the publicly traded, local market leader company’s aspiration to go global and green.
