Bajaj Holdings & Investment has said that Kevin D’Sa, who is currently the CFO of Bajaj Auto Ltd (BAL), Bajaj Finserv Ltd (BFS) and Bajaj Holdings & Investment Ltd (BHIL), has chosen to continue in BAL and relinquish his position in BHIL and BFS from October 1.
This is consequent to the Companies Act 2013, which has made the position of CFO as KMP (key management personnel) and that KMP should not hold office in more than one company.
In an exchange filing, the company said its board has appointed Anant Marathe as the new CFO of BHIL, with effect from October 1, 2014.