London-listed Essar Energy plc on Monday announced appointment of Deepak Maheshwari as the company's Chief Financial Officer (CFO).
P Sampath, the current CFO, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy plc, the company said in a press statement.Both appointments are effective from 1 April.
Maheshwari moves to Essar Energy from Anil Ambani Group firm Reliance Power where he was CFO since 2004.An electrical engineering graduate, Maheshwari has MBAs from XLRI, Jamshedpur and London Business School.
'At Essar Energy, he will report to Naresh Nayyar, Chief Executive Officer of Essar Energy plc,' the statement said.Maheshwari, who has over 19 years of experience in project and corporate finance, investment banking and treasury management, had joined the Reliance Group in 2004 ANZ Investment Bank where he was Director Corporate Finance.
Essar said Sampath had held the position of CFO of the company since September 2010 and in his new assignment will continue to report to Nayyar. Commenting on the appointments, Nayyar said, 'Maheshwari has a strong track record of providing strategic financial and capital markets advice across a number of industries.’
P Sampath, the current CFO, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy plc, the company said in a press statement.Both appointments are effective from 1 April.
Maheshwari moves to Essar Energy from Anil Ambani Group firm Reliance Power where he was CFO since 2004.An electrical engineering graduate, Maheshwari has MBAs from XLRI, Jamshedpur and London Business School.
'At Essar Energy, he will report to Naresh Nayyar, Chief Executive Officer of Essar Energy plc,' the statement said.Maheshwari, who has over 19 years of experience in project and corporate finance, investment banking and treasury management, had joined the Reliance Group in 2004 ANZ Investment Bank where he was Director Corporate Finance.
Essar said Sampath had held the position of CFO of the company since September 2010 and in his new assignment will continue to report to Nayyar. Commenting on the appointments, Nayyar said, 'Maheshwari has a strong track record of providing strategic financial and capital markets advice across a number of industries.’