CG Power and Industrial Solutions Limited informed that the Board of Directors of the Company at their meeting held on 8th July, 2024 appointed Mr. Amar Kaul as the Managing Director & CEO-Designate effective 9th July, 2024 upto 24th July, 2024; and appointed Mr. Amar Kaul as Managing Director & CEO of the Company for a period of five years effective 25th July, 2024, subject to such approvals as are required to be obtained. Mr. Natarajan Srinivasan, who has been the Managing Director of the Company from 26th November, 2020, will retire at the close of business hours on 24th July, 2024, in accordance with the terms of variation of appointment agreed to between him and the Company. The Board placed its appreciation on record for the services rendered by Mr. Srinivasan and his significant contributions to the Company.

Mr. Amar Kaul has done B. Tech (Mechanical), MS (Engineering Business Management) as well as Executive Leadership Programs from Stanford. He has more than 30 years of experience and has worked with large organisations. He was in the executive leadership position leading EMEIA (Europe, Middle East, India and Africa) region for compression systems & services in Ingersoll Rand.

Prior to this, he held senior leadership positions in Bharat Forge Ltd. And Delphi.