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RPower board approves appointment of K Raja Gopal as CEO, Shrenik Vaishnav as CFO

Press Trust of India  |  New Delhi 

Power today said its board has approved the appointment of K as its chief executive, with effect from May 2, 2018.

Also, Gopal will take charge as a from July 1, 2018.

The board in its meeting held today also appointed as chief financial officer, with effect from May 2, 2018.

Explaining reasons for changes, the company said, N Venugopala Rao, whole-time director, officer and with additional responsibility of chief financial officer, will superannuate from the services of the company from the close of business hours on June 30, 2018.

However, will relinquish the office of from close of business hours of May 1, 2018, Power in a BSE filing.

will cease to be the and from close of business hours of May 1, 2018, and cease to be the from close of business hours of June 30, 2018, it added.

The appointment of Gopal as from May 2, 2018, and from July 1, 2018, for a period of 3 years, is a subject to the approval of shareholders.

Gopal has over thirty-five years of industry and leadership experience in both public and private domains.

The company said that he is a in power industry circles of the country known for deep insight, vision, team building capability, fostering strong relationships and a proven track record of execution and operation of large independent power projects.

Gopal has chaired the 'Association of Power Producers' and also was a member of at CII and FICCI at

Vaishnav is a and has over 28 years of experience in finance, accounting, corporate restructuring, M&A, mobilisation of financial resources and setting up of control systems, etc.

Currently, the company said that he is working as (corporate accounts) and (CAO) with Communications Ltd and has worked in the past with Nirma Ltd, Torrent Pharmaceuticals Ltd, etc.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 21:25 IST