Maheshwari to succeed Sampath as Chief Financial Officer at Essar Energy
Deepak Maheshwari will succeed P Sampath as the new Chief Financial Officer at India-focused integrated energy company Essar Energy from April 1st, the company has announced.
Deepak Maheshwari will succeed P Sampath as the new Chief Financial Officer at India-focused integrated energy company Essar Energy from April 1st, the company has announced.
Sampath is moving to a new role as President of Business Optimization and Improvement at the company.
Maheshwari most recently served as the Chief Financial Officer of Reliance Power and has more than 19 years of experience in project and corporate finance, investment banking and treasury management.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sampath has held the position of Chief Financial Officer of Essar Energy since September 2010 and prior to this was Chief Financial Officer and Director Finance of Essar Oil from August 2008.
Naresh Nayyar, the Chief Executive Officer of Essar, said: "Mr Maheshwari has a strong track record of providing strategic financial and capital markets advice across a number of industries. His deep understanding of the power business in India will also be of great value to Essar Energy and helps to strengthen our senior management team."
"As we come to the end of our capital expenditure programme, business optimisation and improvement will be a key driver of value for Essar Energy and I am very pleased that we will be leveraging Mr. Sampath's vast experience of working in various industries besides his knowledge of the Essar Energy businesses."
MF
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published