Adani Power Limited (APL) on Tuesday informed that the company has accepted the resignation of its executive director and chief executive officer (CEO), Ravi Sharma with effect from June 30, 2012. The company has appointed Vineet Jain as executive director.
"Ravi Sharma is leaving the company for personal reasons," APL informed in its filing with the Bombay Stock Exchange (BSE). The board of directors of APL had appointed Jain as an ED with effect from May 14, 2012.
"After taking over business development function, which was earlier handled by Ravi Sharma, Vineet Jain now assumes the overall leadership role of project implementation, O&M and business development initiatives of the power business of Adani Group," the company statement said. Jain joined Adani Group in 2006.
Business Standard had earlier carrried a news report about Ravi Sharma's departure from the company.
Meanwhile, Adani Power shares ended flat on Wednesday at Rs 48.10 on BSE, while the benchmark SENSEX closed positive at 16,862.80 up 194 points.
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