News Ports

Adani ports new board: Adani Ports announces board rejig; Karan Adani named MD, Ashwani Gupta CEO

[ad_1]

The board of directors of Adani Ports and Special Economic Zone Limited on Wednesday approved the re-designation of Gautam Adani and Karan Adani as Executive Chairman and Managing Director respectively and with effect from January 4.

While Gautam Adani ends his tenure on June 30, 2027, his son’s term ends on May 23, 2027, the company informed the exchanges.

The company also announced that Ashwani Gupta is appointed as the Chief Executive Officer with effect from January 4, 2024 and Whole-Time Director for a period of 3 years which shall take effect from the date of his obtaining the Director Identification Number.

Gupta’s previous stint was with Nissan Motors as Global Chief Operating Officer at the headquarters in Japan.

“Under his stewardship, Nissan Motors underwent a phenomenal metamorphosis, soaring an exponential upswing in operating profits from $300 million loss to an extraordinary $3 billion operating profits in a record time span of 3 years,” Adani Ports said.

The newest CEO of the company has also worked with Renault and Mitsubishi. He has completed an Advanced Management Program at Harvard Business School, a General Management Program from INSEAD, and boasts to have a strong foundation in Industrial Engineering. Meanwhile, the board has accepted the resignation of Malay Mahadevia effective end of business hours of Wednesday, the company said.

[ad_2]

Source link