Suzlon Energy Ltd. said its Group had appointed Amit Agarwal, as the Chief Financial Officer (CFO) of Suzlon Energy.
He will report to the Chairman Tulsi Tanti, allowing Kirti Vagadia to focus on his role as Suzlon Group Head of Finance, overseeing the financial performance of the Suzlon Group, which includes REpower, its wholly-owned German subsidiary.
Amit Agarwal was previously CFO of Essar Steel and, before that, CFO of Essar's North American operations and CFO at Arcelor Mitttal Long Carbon Europe segment. He has worked in several countries in North America and Europe, and his experience includes corporate finance, treasury management, complex business restructuring, financial planning, business development and strategy.
While welcoming the appointment, Tulsi Tanti said, "We are delighted to be bringing someone with Amit's credentials and experience in a highly competitive market segment as the CFO of Suzlon Energy. Amit's previous role, as CFO of Essar Steel, has given him rich and extremely relevant experience that I know we will now benefit from."
At the BSE, Suzlon Energy shares are currently trading at Rs.13.35, after touching a new low of Rs.13.25 in the early trading session.
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