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.

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

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021