CG Power Appoints Amar Kaul as Its New Managing Director and CEO
#CGPower #CGPowerNewManagingDirector #ManagingDirctor #AmarKaulCGPowerMr. Kaul joins the Company on 9th July 2024 initially as Managing Director and CEO – Designate and take over as the Managing Director and CEO effective 25th July 2024.
July 2024 : The Board of Directors of CG Power and Industrial Solutions Limited has been engaged for the last several months in finding a successor for the incumbent Managing Director N Srinivasan. The Board selected Amar Kaul as next Managing Director and CEO for a period of five years beginning 25th July 2024.
Mr. Srinivasan, the incumbent Managing Director has led the company since the takeover by Tube Investments of India Ltd. Mr. Srinivasan has scripted a remarkable turnaround of CG Power, indeed one of its kind in Indian corporate history and a performance measured across all metrics such as growth in revenue, EBITA margins, capacity expansion, profitability, business diversification, addressing all legacy issues covering such areas as financial accounts, tax dispute etc.
The result of all the above is also reflected in the 20-fold growth in share price from the date Mr. N Srinivasan took over as the Managing Director to the closing price as on 5th July 2024.
Mr. N Srinivasan has built a very high-quality senior management team who will provide continuity to the management team and thereby support both the smooth transition of leadership and ensuring continuity in business momentum. Mr. Srinivasan will also be available to support the transition as needed
Mr. Kaul joins the Company on 9th July 2024 initially as Managing Director and CEO – Designate and take over as the Managing Director and CEO effective 25th July 2024. Vellayan Subbiah,Chairman, CG Power, will continue to provide strategic guidance and oversight over the governance process.
Mr. Kaul has over 30 plus years of total work experience. Starting his career as a quality consultant, Mr. Kaul has worked across manufacturing, manufacture and application engineering, supplier and quality development and deployment of six sigma and lean manufacturing.
Mr. Kaul was in the executive leadership position leading EMEIA (Europe, Middle East, India and Africa) region for compression systems and services in Ingersoll Rand. He also served as the Chairman and Managing Director of Ingersoll Rand in India. Prior to this, he held senior leadership positions in Bharat Forge Ltd. and Delphi. Mr. Kaul has proven ability to strategise, execute and manage high growth P&L and foster innovation across Engineering, Capital Goods sector, Automotive Industry, sectors that are important to CG Power.
Mr. Kaul holds a B. Tech (Mechanical Engineering) from G.B. Pant University and MS Degree (Engineering Business Management) from Warwick University in U.K.
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