The board of directors of CG Power & Industrial Solutions Ltd (“CG Power”) has selected Amar Kaul as next Managing Director & CEO for a period of five years, beginning July 25, 2024.
The current Managing Director N. Srinivasan has led the company since the date of takeover of CG Power by Tube Investments of India Ltd, on November 26, 2020.
Srinivasan has scripted a remarkable turnaround of CG Power, indeed one of its kind in Indian corporate history and a performance measured across all metrics such as growth in revenue, EBITA margins, capacity expansion, profitability, business diversification, addressing all legacy issues covering such areas as financial accounts, tax dispute etc, a release by CG Power noted.
Srinivasan has built a very high-quality senior management team and who will provide continuity to the management team and thereby support both the smooth transition of leadership and ensuring continuity in business momentum. He will also be available to support the transition as needed, the release noted.
Amar Kaul joins the company on July 9, 2024 initially as Managing Director & CEO – Designate and will take over as the Managing Director & CEO effective July 25, 2024.
Vellayan Subbiah, Chairman of CG Power, will continue to provide strategic guidance and oversight over the governance process, the release observed.
Over 30 years of experience
Amar Kaul has 30-plus years of total work experience, 12 years of which has been overseas experience. Starting his career as a quality consultant, Kaul has worked across manufacturing, manufacture and application engineering, supplier and quality development and deployment of six sigma and lean manufacturing. Kaul was in the executive leadership position leading EMEIA (Europe, Middle East, India and Africa) region for compression systems & services in Ingersoll Rand.
He also served as the Chairman & Managing Director of Ingersoll Rand in India. Prior to this, he held senior leadership positions in Bharat Forge Ltd. and Delphi. Amar Kaul has proven ability to strategize, execute and manage high growth P&L and foster innovation across engineering, capital goods sector, automotive industry sectors that are important to CG Power. Amar Kaul holds a B. Tech (Mechanical Engineering) from G.B. Pant University and MS Degree (Engineering Business Management) from Warwick University in UK, the release added.
Also read: CG Reports 22 Per Cent Growth In Power Systems Order Intake
