The managing director of a private company here was arrested for allegedly sexually harassing and stalking a woman employee, a police official said today. The industrial firm's top official, aged 58, was arrested on March 6 after the 34-year-old employee alleged in her police complaint that he was sending her "objectionable" text and voice messages on her phone and also stalking her, Mundhwa police station's senior inspector Anil Patrudkar said.