Comments
Private power producer Torrent Power Ltd on Wednesday announced major management rejig by appointing Jinal Mehta as Managing Director. The elevation of Mehta - currently a whole-time-director in the company is seen as the planned succession at the helm after his father and chairman Sudhir Mehta decided to relinquish his position as Executive Chairman of Torrent Power Board.
The board of directors approved the appointment for a period of five years starting from April 1.
Jinal, 35, holds an MBA degree in international business and finance from University of Technology Sydney, Australia. He has over 11 years of experience in the power sector in both generation and distribution segments.
The 63-year old Sudhir Mehta, son of Torrent founder late U N Mehta, will continue as the “Chairman Emeritus” in the company. His younger brother, Samir Mehta has been appointed as the Chairman of Torrent Power for five years with effect from April 1.
The appointments are subject to shareholders' approval in the company's annual general meeting (AGM).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.