Jindal Steel and Power Ltd’s (JSPL) Chief Financial Officer K Rajagopal has decided to quit the company after his two—year stint in the Naveen Jindal—led firm.

The company Board, at its meeting today, has accepted the resignation of Rajagopal, who joined JSPL in March, 2013. He was also a Director in the company’s Board.

In a communique to the stock exchanges, JSPL said its Board has “approved the resignation of K Rajagopal from the position of Group CFO and Director of the company w.e.f. close of business hours of March 31, 2015.”

A chartered accountant, Rajagopal joined the company from power equipment manufacturer ABB.

The JSPL Board has also approved the appointment of its current Financial Controller Harish Dua as the acting Chief Financial Officer of the company.